North Dakota Statutes

§ 21-04-16 — When no bonds are required

North Dakota § 21-04-16
JurisdictionNorth Dakota
Title 21Governmental Finance
Ch. 21-04Depositories of Public Funds

This text of North Dakota § 21-04-16 (When no bonds are required) 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 § 21-04-16 (2026).

Text

Whenever it appears that a bank designated by a public corporation as depository of its funds has complied with the provisions of the act of Congress relating to the guaranty of deposits in state and national banks, no bond may be required of said bank to secure the deposits of any part of said public funds up to the amount the deposit is secured in said bank under said federal act.

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Bluebook (online)
North Dakota § 21-04-16, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/21-04-16.