N.D.C.C. §§ 23-10.1-01 through 23-10.1-05 § 23-10.1-05
Accounting.
Operative Text
23-10.1-05. Accounting.
Upon termination of the receivership, the receiver shall render a complete accounting to the
court and shall dispose of surplus funds as the court directs.Under N.D.C.C. § 23-10.1-05, when a court-supervised receivership over a rental property comes to an end, the receiver is required to present a full financial accounting to the court detailing how funds were managed during the receivership. Any money remaining after the receivership's obligations are satisfied must be distributed in whatever manner the court orders. This provision ensures judicial oversight over the financial close-out of a receivership.
Plain English — not legal advice.
When a property has been placed under receivership and that receivership concludes, N.D.C.C. § 23-10.1-05 requires the receiver—not the property owner—to submit a complete financial accounting to the court. Property owners and managers should be aware that any surplus funds generated or held during the receivership period are subject to court-directed distribution, meaning the owner does not automatically regain control of those funds without a court order. Operators whose properties have been subject to receivership proceedings generally work with legal counsel to understand how the court's disposition of surplus funds may affect their financial interests.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
N.D.C.C. § 23-10.1-05 provides tenants with an indirect protection: when a receivership over their rental property ends, the court receives a full accounting of how funds—which may include rent payments collected during the receivership—were handled. Tenants have an interest in this process because the court's oversight can affect how money related to the property is ultimately distributed. Tenants who have questions about a receivership affecting their housing may find it helpful to contact a tenant-rights organization or review court records related to the receivership proceeding.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 28, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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