North Dakota § 11-14-19 Treasurer not to speculate in county warrants - Penalty

North Dakota Statutes

§ 11-14-19 — Treasurer not to speculate in county warrants - Penalty

North Dakota·Title 11 Counties·Ch. 11-14 County Treasurer

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.

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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.

North Dakota § 11-14-19 (Treasurer not to speculate in county warrants - Penalty) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.