North Dakota Statutes
§ 21-13-02 — Political subdivision authority to enter agreement for bank or credit union loans
North Dakota § 21-13-02
This text of North Dakota § 21-13-02 (Political subdivision authority to enter agreement for bank or credit union loans) 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 § 21-13-02 (2026).
Text
loans.
A political subdivision may borrow against its anticipated revenue, from a bank or credit
union located in this state. A bank or credit union loan and terms must be authorized by
resolution of the governing body for the political subdivision. The resolution must identify the
revenue to be used to repay the loan and any collateral that will secure repayment of the loan.
The loan agreement must be signed on behalf of the political subdivision by the president,
chairman, or equivalent officer, and also by the political subdivision's auditor, business manager,
secretary, or equivalent officer.
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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 § 21-13-02, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/21-13-02.