N.D. Cent. Code § 6-09.4-15
This is the official text of N.D. Cent. Code § 6-09.4-15, 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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6-09.4-15. Bonds as legal investments and security
Official statutory text
6-09.4-15. Bonds as legal investments and security
Notwithstanding any restrictions contained in any other law, the state and all public officers,
boards, and agencies, and political subdivisions and agencies thereof, all national banking
associations, state banks, trust companies, savings banks and institutions, savings and loan
associations, investment companies, and other persons carrying on a banking business, and all
executors, administrators, guardians, trustees, and other fiduciaries, may legally invest any
sinking funds, moneys, or other funds belonging to them or within their control in any bonds
issued by the public finance authority pursuant to this chapter, and the bonds are authorized
security for any and all public deposits.
Notwithstanding any restrictions contained in any other law, the state and all public officers,
boards, and agencies, and political subdivisions and agencies thereof, all national banking
associations, state banks, trust companies, savings banks and institutions, savings and loan
associations, investment companies, and other persons carrying on a banking business, and all
executors, administrators, guardians, trustees, and other fiduciaries, may legally invest any
sinking funds, moneys, or other funds belonging to them or within their control in any bonds
issued by the public finance authority pursuant to this chapter, and the bonds are authorized
security for any and all public deposits.
Status: in_force · Read it on the official government site
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