North Dakota Statutes

§ 21-04-07 — Limitation on county deposit in financial institution

North Dakota § 21-04-07
JurisdictionNorth Dakota
Title 21Governmental Finance
Ch. 21-04Depositories of Public Funds

This text of North Dakota § 21-04-07 (Limitation on county deposit in financial institution) 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 § 21-04-07 (2026).

Text

In no case may the amount of county funds deposited by the board of county commissioners in any one financial institution exceed the combined capital and surplus of such financial institution. In a county where the deposits to be made by the board of county commissioners of county funds exceed the combined capital and surplus of all the financial institutions in the county, qualified as depositories, the board of county commissioners nevertheless may deposit such county funds within the county upon the condition that such financial institutions furnish sufficient bonds as required in this chapter.

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Bluebook (online)
North Dakota § 21-04-07, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/21-04-07.