North Dakota Statutes
§ 21-04-10 — Interest payable to financial institution - Sale of pledged securities on default
North Dakota § 21-04-10
This text of North Dakota § 21-04-10 (Interest payable to financial institution - Sale of pledged securities on default) 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 § 21-04-10 (2026).
Text
default.
All interest which becomes due and is paid on securities pledged to secure public deposits
must be paid over to the depository financial institution until such time as it defaults in the
repayment of the funds of the public corporation deposited as provided herein. After thirty days
from such default, upon demand in writing made by the public corporation involved, the
custodian shall deliver the securities to the public corporation with which pledged, and such
securities may be sold as in the case of other pledges, and the proceeds thereof, or so much
thereof as may be necessary, must be applied to the repayment of the public deposit.
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Nearby Sections
15
§ 21-01-01
Definitions§ 21-01-02
Warrant - Order of payment§ 21-01-03
Maximum amount of warrants or indebtedness - Violation of provisions - Liability - Penalty§ 21-01-04
Warrants for current expenses§ 21-01-05
Warrants for salaries and official publications - Payable one-half in cash prior to other warrants§ 21-01-07
Warrant register - By whom kept - Form§ 21-01-10
Cashbook and register open to inspection§ 21-02-01
Definitions§ 21-02-03
Certificate of county auditor§ 21-02-04
Signing false certificates - PenaltyCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 21-04-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/21-04-10.