N.D. Admin. Code 85-03-04-08

Current through Supplement No. 395, January, 2025

Section 85-03-04-08 - Bankruptcy

If, at any time before or during an examination, the person subject to examination files for bankruptcy, that person shall give notice of the filing to the examiner. The examiner shall, within seven calendar days after receiving notice or the discovery of the event, notify the administrator of the bankruptcy filing. If the administrator so elects, the examiner shall assist the administrator to ensure that a proper proof of claim is timely filed in the bankruptcy action.

N.D. Admin Code 85-03-04-08

Adopted by Administrative Rules Supplement 2022-384, April 2022, effective 4/1/2022.

General Authority: NDCC 47-30.2-03, 47-30.2-56

Law Implemented: NDCC 47-30.2-55, 47-30.2-58, 47-30.2-62