North Dakota Statutes
§ 50-21-05 — Powers of Bank of North Dakota
North Dakota § 50-21-05
This text of North Dakota § 50-21-05 (Powers of Bank of North Dakota) 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 § 50-21-05 (2026).
Text
The Bank of North Dakota is authorized to do all acts or things necessary to negotiate said
loans which specifically includes the power to take such security as prescribed herein and to
bring suit against any nonprofit corporation in order to collect interest and principal due the
revolving fund under contracts and notes executed to obtain loans under the provisions of this
chapter. In the event the applicant's plan for financing the construction or reconstruction of the
facilities provides for a loan of funds from sources other than the state of North Dakota, then the
state of North Dakota shall take a second mortgage upon the facilities constructed or
reconstructed from the proceeds of the loan.
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Nearby Sections
15
§ 50-01-01.1
Determination of eligibility - Notice - Appeal§ 50-01-02
General assistance jurisdiction§ 50-01-04
Records to be kept§ 50-01-05
Reports to county social service board§ 50-01-06
Blanks and reports prepared by counties§ 50-01-08.1
Out-of-state travel approval§ 50-01-09
Duties of county social service board§ 50-01-09.1
Reimbursement of county for public assistance to nonresidents occasioned by federal projects§ 50-01-10
Removal of members of the boardCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 50-21-05, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/50-21-05.