Joinder of surety - Deposit of proceeds
N.D. Cent. Code § 4.1-59-23
in effect4.1-59-23. Joinder of surety - Deposit of proceeds
Each surety on the insolvent licensee's bonds must be joined as a party to the insolvency
proceeding. If it is in the best interests of the receiptholders, the court may order a surety to
deposit some or all of the penal sum of the bond into the trustee's trust account pending
determination of the surety's liability under the bond.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t04-1c59.pdf#nameddest=4p1-59-23Fetched: 10/16/2026
