North Dakota Statutes

§ 21-04-17 — When bonds are required

North Dakota § 21-04-17
JurisdictionNorth Dakota
Title 21Governmental Finance
Ch. 21-04Depositories of Public Funds

This text of North Dakota § 21-04-17 (When 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 § 21-04-17 (2026).

Text

If at any time it appears that the benefit of the federal act guarantying deposits in financial institutions has been withdrawn or is about to be withdrawn from the financial institution in which any public funds are deposited, the board having control of or supervision over such public funds immediately shall withdraw the full amount thereof from said financial institution, or forthwith shall require the usual bond required to secure the deposits of such public funds, and it is unlawful to continue any financial institution as a depository of public funds unless and until said bonds have been furnished.

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Bluebook (online)
North Dakota § 21-04-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/21-04-17.