N.D. Cent. Code § 4.1-57-04: Application for license - Required security

1.As a condition of licensure, the seed commissioner shall require an applicant to file:

a.A cash bond or a surety bond, in an amount and form determined by the seed commissioner; or

b.An irrevocable letter of credit.

2.The security required by the seed commissioner under subsection 1 is for the benefit of potato producers in this state and must be conditioned for the payment of any financial obligation owed by a wholesale potato dealer to a potato producer in this state.