N.D. Cent. Code § 26.1-34.1-03: Segregated account

1.Every corporation possessing a certificate of exemption shall maintain a segregated account for all of its gift annuity liabilities.

2.The assets of the segregated account are not liable for any debts of the corporation other than those incurred pursuant to this chapter.

3.The segregated account must be adequate to meet the future payments under all outstanding annuity agreements.