N.D. Cent. Code § 6-03-48
This is the official text of N.D. Cent. Code § 6-03-48, 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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6-03-48. Investment in notes or bonds secured by insured mortgage - Debentures of federal housing administrator authorized
Official statutory text
6-03-48. Investment in notes or bonds secured by insured mortgage - Debentures of
federal housing administrator authorized.
Banks, savings banks, trust companies, savings and loan associations, executors,
administrators, guardians, trustees, and other fiduciaries, the state of North Dakota and its
political subdivisions, institutions, and agencies thereof, and all other persons, associations, and
corporations subject to the laws of this state may invest the funds and moneys in their custody
or possession eligible for investment in notes or bonds secured by mortgage or deed of trust
insured by the federal housing administrator, in debentures issued by the federal housing
administrator, and in securities issued by national mortgage associations.
federal housing administrator authorized.
Banks, savings banks, trust companies, savings and loan associations, executors,
administrators, guardians, trustees, and other fiduciaries, the state of North Dakota and its
political subdivisions, institutions, and agencies thereof, and all other persons, associations, and
corporations subject to the laws of this state may invest the funds and moneys in their custody
or possession eligible for investment in notes or bonds secured by mortgage or deed of trust
insured by the federal housing administrator, in debentures issued by the federal housing
administrator, and in securities issued by national mortgage associations.
Status: in_force · Read it on the official government site
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