North Dakota § 22-03-15 Joint control over moneys and assets of fiduciary

North Dakota Statutes

§ 22-03-15 — Joint control over moneys and assets of fiduciary

North Dakota § 22-03-15

Title 22Guaranty, Indemnity, and Suretyship

Ch. 22-03Suretyship

This text of North Dakota § 22-03-15 (Joint control over moneys and assets of fiduciary) 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 § 22-03-15 (2026).

Text

It is lawful for any party of whom a bond, undertaking, or other obligation is required, to
agree with that party's surety or sureties for the deposit of any or all moneys and assets for
which that party and that party's surety or sureties are or may be held responsible, with a bank,
savings bank, safe deposit or trust company, authorized by law to do business as such, or with
other depository approved by the court or a judge thereof, if such deposit is otherwise proper,
for the safekeeping thereof, and in such manner as to prevent the withdrawal of such money or
assets or any part thereof, without the written consent of such surety or sureties, or an order of
court, or a judge thereof made on such notice to such surety or sureties as such court or judge
may direct. Such agreement does not

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It is lawful for any party of whom a bond, undertaking, or other obligation is required, to
agree with that party's surety or sureties for the deposit of any or all moneys and assets for
which that party and that party's surety or sureties are or may be held responsible, with a bank,
savings bank, safe deposit or trust company, authorized by law to do business as such, or with
other depository approved by the court or a judge thereof, if such deposit is otherwise proper,
for the safekeeping thereof, and in such manner as to prevent the withdrawal of such money or
assets or any part thereof, without the written consent of such surety or sureties, or an order of
court, or a judge thereof made on such notice to such surety or sureties as such court or judge
may direct. Such agreement does not in any manner release from or change the liability of the
principal or sureties as established by the terms of the said bond.