North Dakota § 10-30-14 Notes or obligations - Legal investments

North Dakota Statutes

§ 10-30-14 — Notes or obligations - Legal investments

North Dakota § 10-30-14

Title 10Corporations

Ch. 10-30Development Corporations

This text of North Dakota § 10-30-14 (Notes or obligations - Legal investments) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 10-30-14 (2026).

Text

Notwithstanding any other statute, the notes or other interest-bearing obligations of a state
development corporation, issued in accordance with this chapter and the articles of
incorporation and the bylaws of the corporation, are legal investments for any banks, savings
and loan associations, trust companies, or other financial institutions which become members of
the corporation. The Bank of North Dakota and the North Dakota mill and elevator are each
authorized to purchase capital stock and become members of the corporation.

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Notwithstanding any other statute, the notes or other interest-bearing obligations of a state
development corporation, issued in accordance with this chapter and the articles of
incorporation and the bylaws of the corporation, are legal investments for any banks, savings
and loan associations, trust companies, or other financial institutions which become members of
the corporation. The Bank of North Dakota and the North Dakota mill and elevator are each
authorized to purchase capital stock and become members of the corporation.