North Dakota Code § 51-23-13

Power of court to grant relief
Open in Lexace · Ask the AI about this section
1. a. Upon a proper showing by the commissioner that a person has violated, or is 
about to violate, any provision of this chapter or any rule or order of the 
commissioner, the district court of Burleigh County, North Dakota, may grant 
appropriate legal or equitable remedies.
b. Upon showing of violation of this chapter or a rule or order of the commissioner, 
the court, in addition to traditional legal and equitable remedies, including 
temporary restraining orders, permanent or temporary prohibitory or mandatory 
injunctions, and writs of prohibition or mandamus, may grant the following special 
remedies:
(1) Imposition of a civil penalty in an amount that may not exceed ten thousand 
dollars for any single violation or one hundred thousand dollars for multiple 
violations in a single proceeding or a series of related proceedings;
(2) Disgorgement;
(3) Declaratory judgment;
(4) Restitution to investors wishing restitution; and
(5) Appointment of a receiver or conservator for the defendant or the 
defendant's assets.
c. Appropriate remedies when the defendant is shown only about to violate this 
chapter or a rule or order of the commissioner must be limited to:
(1) A temporary restraining order;
(2) A temporary or permanent injunction;
(3) A writ of prohibition or mandamus; and

(4) An order appointing a receiver or conservator for the defendant or the 
defendant's assets.
2. The court may not require the commissioner to post a bond in any official action under 
this chapter.
3. a. Upon a proper showing by the commissioner or securities or commodity agency 
of another state that a person other than a government or governmental agency 
or instrumentality has violated, or is about to violate, any provision of the 
commodity code of that state or any rule or order of the administrator or securities 
or commodity agency of that state, the district court of Burleigh County, North 
Dakota, may grant appropriate legal and equitable remedies.
b. Upon showing of a violation of the securities or commodity act of the foreign state 
or a rule or order of the administrator or securities or commodity agency of the 
foreign state, the court, in addition to traditional legal or equitable remedies 
including temporary restraining orders, permanent or temporary prohibitory or 
mandatory injunctions, and writs of prohibition or mandamus, may grant the 
following special remedies:
(1) Disgorgement; and
(2) Appointment of a receiver, conservator, or ancillary receiver or conservator 
for the defendant or the defendant's assets located in this state.
c. Appropriate remedies when the defendant is shown only about to violate the 
securities or commodity act of the foreign state or a rule or order of the 
administrator or securities or commodity agency of the foreign state must be 
limited to:
(1) A temporary restraining order;
(2) A temporary or permanent injunction;
(3) A writ of prohibition or mandamus; and
(4) An order appointing a receiver, conservator, or ancillary receiver or 
conservator for the defendant or the defendant's assets located in this state.

‹ Prev All North Dakota sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.