North Dakota Statutes

§ 35-06-10 — Fraudulent misrepresentation of property pledged - Rights of creditor

North Dakota·Title 35 Liens·Ch. 35-06 Pledge
When a debtor has obtained credit or an extension of time by a fraudulent misrepresentation of the value of the property pledged by or for the debtor, the creditor may demand a further pledge to correspond with the value represented and in default thereof may recover the creditor's debt immediately though it is not actually due.

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