A licensee's minimum bond is eight percent of the licensee's total grain purchases in the state, based on annual purchases as reported monthly to the commissioner. A licensee's required minimum bond may not be less than one hundred thousand dollars:
N.D. Admin Code 7-18-03-03
General Authority: NDCC 60-02.1-03
Law Implemented: NDCC 60-02.1-03, 60-02.1-08