North Dakota Code 26.1-06.1-05 – Injunctions and orders
1. Any receiver appointed in a proceeding under this chapter may at any time apply for, and any district court may grant, such restraining orders, preliminary and permanent injunctions, and other orders as may be deemed necessary and proper to prevent:
Terms Used In North Dakota Code 26.1-06.1-05
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
- written: include "typewriting" and "typewritten" and "printing" and "printed" except in the case of signatures and when the words are used by way of contrast to typewriting and printing. See North Dakota Code 1-01-37
a. The transaction of further business; b. The transfer of property; c. Interference with the receiver or with a proceeding under this chapter; d. Waste of the insurer’s assets; e. Dissipation and transfer of bank accounts; f. The institution or further prosecution of any actions or proceedings; g. The obtaining of preferences, judgments, attachments, garnishments, or liens against the insurer, its assets, or its policyholders; h. The levying of execution against the insurer, its assets, or its policyholders; i. The making of any sale or deed for nonpayment of taxes or assessments that would lessen the value of the assets of the insurer; j. The withholding from the receiver of books, accounts, documents, or other records including all written, printed, computer-stored, visual, and audiovisual materials relating to the business of the insurer; or
k. Any other threatened or contemplated action that might lessen the value of the insurer’s assets or prejudice the rights of policyholders, creditors, or shareholders, or the administration of any proceeding under this chapter.
2. The receiver may apply to any court outside of the state for the relief described in subsection 1.