§ 21-03.1-07 — Costs - Collection

North Dakota § 21-03.1-07

• Jurisdiction: North Dakota
• Title 21: Governmental Finance
• Ch. 21-03.1: Registration of Public Obligations

Text

1. An issuer, prior to or at original issuance of registered public obligations, may provide
as a part of a system of registration that the transferor or transferee of the registered
public obligations pay all or a designated part of the costs of the system as a condition
precedent to transfer, that costs be paid out of proceeds of the registered public
obligations, or that both methods be used. The portion of the costs of the system not
provided to be paid for by the transferor or transferee or out of proceeds is the liability
of the issuer.

2. The issuer may as part of a system of registration provide for reimbursement or for
satisfaction of its liability by payment by others. The issuer may enter into agreements
with others respecting such reimbursement or payment, may establish fees and
charges pursuant to such agreements or otherwise, and may provide that the amount
or estimated amount of such fees and charges must be reimbursed or paid from the
same sources and by means of the same collection and enforcement procedures and
with the same priority and effect as with respect to the obligations.