North Dakota Statutes
§ 21-04-12 — Termination of depository relationship
Whenever any depository financial institution desires to terminate the liability for any
deposits of any public corporation for which such depository has given a bond or pledged assets
for the repayment, it shall notify the board of the public corporation affected of such desire.
Thereupon such public corporation immediately shall withdraw such funds from such depository
and upon withdrawal, immediately shall release and surrender to such depository financial
institution, the bonds or securities which are pledged for the repayment of such 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 - Penalty