North Dakota § 54-17-07.11 Pledges

North Dakota Statutes

§ 54-17-07.11 — Pledges

North Dakota § 54-17-07.11

Title 54State Government

Ch. 54-17Industrial Commission

This text of North Dakota § 54-17-07.11 (Pledges) 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 § 54-17-07.11 (2026).

Text

Any pledge made by the industrial commission acting in its capacity as the state housing
finance agency is valid and binding from the time the pledge is made. The money and property
pledged and received by the industrial commission acting in its capacity as the state housing
finance agency, except for general agency money or property, is immediately subject to the lien
of the pledge without any physical delivery thereof or further act, and the lien of any pledge is
valid and binding as against all parties having claims of any kind in tort, contract, or otherwise
against the industrial commission acting in its capacity as the state housing finance agency,
irrespective of whether the parties have notice thereof. Neither the resolution nor any other
instrument by which a pledge is created is 

Free access — add to your briefcase to read the full text and ask questions with AI

Any pledge made by the industrial commission acting in its capacity as the state housing
finance agency is valid and binding from the time the pledge is made. The money and property
pledged and received by the industrial commission acting in its capacity as the state housing
finance agency, except for general agency money or property, is immediately subject to the lien
of the pledge without any physical delivery thereof or further act, and the lien of any pledge is
valid and binding as against all parties having claims of any kind in tort, contract, or otherwise
against the industrial commission acting in its capacity as the state housing finance agency,
irrespective of whether the parties have notice thereof. Neither the resolution nor any other
instrument by which a pledge is created is required to be recorded to constitute constructive
notice of the existence of the pledge.