N.D. Cent. Code § 11-14-19
This is the official text of N.D. Cent. Code § 11-14-19, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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11-14-19. Treasurer not to speculate in county warrants - Penalty
Official statutory text
11-14-19. Treasurer not to speculate in county warrants - Penalty
A county treasurer shall not either directly or indirectly contract for or purchase any warrant
or other evidence of indebtedness issued by the county of which the person is treasurer at any
discount upon the sum due thereon. If a county treasurer shall contract for or purchase any
such warrant or other evidence of indebtedness contrary to the provisions of this section, the
treasurer shall forfeit the whole amount due thereon. The forfeiture shall be recovered for the
benefit of the county by civil action brought by the state of North Dakota.
A county treasurer shall not either directly or indirectly contract for or purchase any warrant
or other evidence of indebtedness issued by the county of which the person is treasurer at any
discount upon the sum due thereon. If a county treasurer shall contract for or purchase any
such warrant or other evidence of indebtedness contrary to the provisions of this section, the
treasurer shall forfeit the whole amount due thereon. The forfeiture shall be recovered for the
benefit of the county by civil action brought by the state of North Dakota.
Status: in_force · Read it on the official government site
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