North Dakota Code 4.1-61-06 – Credit-sale contract indemnity fund – Reimbursement limit
Current as of: 2023 | Check for updates
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The amount payable to an eligible person from the credit-sale contract indemnity fund for each insolvency may not exceed the lesser of eighty percent of the amount owed to that eligible person in accordance with all of that person’s unsatisfied credit-sale contracts or two hundred eighty thousand dollars.
Terms Used In North Dakota Code 4.1-61-06
- Contract: A legal written agreement that becomes binding when signed.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49