Rejection of contracts and leases

N.D. Cent. Code § 6-07.2-10
in effect
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6-07.2-10. Rejection of contracts and leases 1. Within one hundred eighty days after the date the commissioner has taken possession, the receiver may reject: a. An executory contract to which the closed institution is a party without any further liability to the closed institution or the receiver; and b. An obligation of the institution as a lessee of real or personal property. 2. The receiver's election to reject a lease does not create a claim for rent other than rent accrued to the date of termination.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c07-2.pdf#nameddest=6-07p2-10Fetched: 10/16/2026

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