North Dakota Code 32-26-01 – District court has supervision
Current as of: 2023 | Check for updates
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When any person, partnership, corporation, or limited liability company in this state shall make an assignment for the benefit of creditors, or a trust deed, or the whole or any substantial part of the property of such person, partnership, corporation, or limited liability company, the same shall be administered under the supervision of the district court.
Terms Used In North Dakota Code 32-26-01
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership: includes a limited liability partnership registered under chapter 45-22. See North Dakota Code 1-01-49
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- 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