N.D. Cent. Code § 13-09.1-21: Reports of certain events

1.A licensee shall file a report with the commissioner within one business day after the licensee has reason to know of the occurrence of any of the following events:

a.The filing of a petition by or against the licensee under the federal bankruptcy code [11 U.S.C. Section 101-110], for bankruptcy or reorganization;

b.The filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for its dissolution or reorganization, or the making of a general assignment for the benefit of its creditors; or

c.The commencement of a proceeding to revoke or suspend its license in a state or country in which the licensee engages in business or is licensed.

2.A licensee shall file a report with the commissioner within three business days after the licensee has reason to know of the occurrence of any of the following events:

a.A charge or conviction of the licensee or of a key individual or person in control of the licensee for a felony; or

b.A charge or conviction of an authorized delegate for a felony.