North Dakota Code 4.1-58-37 – Destruction of grain in public warehouse – First lien by holder of outstanding receipt
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The holder of an unconverted scale ticket or warehouse receipt issued by any public warehouseman has a first lien, to the extent of the value of the grain when lost at the place where held, on all insurance of the warehouse for any loss sustained by the receiptholder, on account of the loss of the grain by fire, tornado, or any other cause covered by the insurance policy.
Terms Used In North Dakota Code 4.1-58-37
- Lien: A claim against real or personal property in satisfaction of a debt.