North Dakota Statutes
§ 40-61-12 — State and city not liable on bonds - Exceptions as to cities
North Dakota § 40-61-12
This text of North Dakota § 40-61-12 (State and city not liable on bonds - Exceptions as to cities) 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 § 40-61-12 (2026).
Text
The bonds and other obligations of an authority shall not be a debt of the state of North
Dakota and the state shall not be liable thereon. The bonds and other obligations of an authority
shall not be a debt of a city and a city shall not be liable thereon unless a city agrees to assist in
financing projects and facilities through the issuance of municipal bonds or other obligations
which are considered to be a part of the debt of the city as provided in section 40-61-03.1.
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Nearby Sections
15
§ 40-01-01
Definitions§ 40-01-02
Municipalities are bodies corporate§ 40-01-04
Vested rights§ 40-01-09
Official newspaper of municipality§ 40-01-13
Payment of accounts by municipalityCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 40-61-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/40-61-12.