North Dakota Statutes
§ 54-30-17 — Bank of North Dakota to collect obligations secured by mortgage
North Dakota § 54-30-17
This text of North Dakota § 54-30-17 (Bank of North Dakota to collect obligations secured by mortgage) 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 § 54-30-17 (2026).
Text
If the obligation secured by any mortgage held by the state treasurer under the provisions of
this chapter is not performed by the mortgagor according to its terms, or if any condition
expressed in any such mortgage is not performed and kept according to its terms, the state
treasurer shall certify the facts to the president of the Bank of North Dakota, who shall proceed
as agent of the state treasurer as trustee for the state of North Dakota, by foreclosure or
otherwise, to make collection of the obligation secured. The Bank of North Dakota shall make
collection of the principal and interest on all mortgages taken under the provisions of this
chapter.
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Nearby Sections
15
§ 54-01-02
When property escheats§ 54-01-02.1
Unclaimed funds defined§ 54-01-02.2
Notice of unclaimed funds§ 54-01-02.3
Disposal of unclaimed funds§ 54-01-03
State may acquire property by taxation§ 54-01-05.1
State-owned land - How transferred§ 54-01-05.2
Sale of state-owned land - Notice§ 54-01-05.4
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Bluebook (online)
North Dakota § 54-30-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/54-30-17.