North Dakota Statutes
§ 21-04-05 — Financial institution - Designation as depository
Any financial institution duly incorporated in this state under and pursuant to the laws
governing the incorporation of financial institutions, and any financial institution situated and
doing business within this state, and the Bank of North Dakota, may be designated a depository
of public funds by the proper board as herein defined. The board may select two or more
financial institutions in the same county as depositories, but if more than one financial institution
is designated, the board shall deal with the financial institutions selected and designated
impartially, both as to the deposit of funds and the withdrawal of funds and the requirement as to
bonds. The board shall take into consideration, in selecting and designating the depository or
depositories, the condition of each finan
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