North Dakota Statutes

§ 21-04-05 — Financial institution - Designation as depository

North Dakota § 21-04-05
JurisdictionNorth Dakota
Title 21Governmental Finance
Ch. 21-04Depositories of Public Funds

This text of North Dakota § 21-04-05 (Financial institution - Designation as depository) 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 § 21-04-05 (2026).

Text

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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Bluebook (online)
North Dakota § 21-04-05, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/21-04-05.