North Dakota · Through 2026-07-31T11:12:02 · Newer source version available

N.D. Cent. Code § 6-07.2-10: Rejection of contracts and leases

Where this section sits in the code

Title 6 Banks And Banking
Chapter 6-07.2 Dissolution, Insolvency, Suspension, Receivership, And Liquidation

1.Within one hundred eighty days after the date the commissioner has taken possession, the receiver may reject:

a.An executory contract to which the closed institution is a party without any further liability to the closed institution or the receiver; and

b.An obligation of the institution as a lessee of real or personal property.

2.The receiver's election to reject a lease does not create a claim for rent other than rent accrued to the date of termination.

Collected 2026-09-02T21:04:14Z. Source file · JSON