A bond posted by an out-of-state applicant for a livestock dealer’s license may name as trustee a financially responsible, disinterested person who is satisfactory to the commissioner.

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Terms Used In North Dakota Code 4.1-83-07

  • Commissioner: means the agriculture commissioner or the designee or authorized representative of the commissioner. See North Dakota Code 4.1-01-01
  • Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
  • Trustee: A person or institution holding and administering property in trust.