North Dakota Statutes
§ 6-03-48 — Investment in notes or bonds secured by insured mortgage - Debentures of federal housing administrator authorized
federal housing administrator authorized.
Banks, savings banks, trust companies, savings and loan associations, executors,
administrators, guardians, trustees, and other fiduciaries, the state of North Dakota and its
political subdivisions, institutions, and agencies thereof, and all other persons, associations, and
corporations subject to the laws of this state may invest the funds and moneys in their custody
or possession eligible for investment in notes or bonds secured by mortgage or deed of trust
insured by the federal housing administrator, in debentures issued by the federal housing
administrator, and in securities issued by national mortgage associations.
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Nearby Sections
15
§ 6-01-01
Management and control - State department of financial institutions - Local ordinances preempted§ 6-01-01.1
Regulatory fund established - Uses - Continuing appropriation (Effective through June 30, 2029)§ 6-01-02
Definitions§ 6-01-04.2
Cease and desist orders§ 6-01-04.3
Assessment of civil money penalties§ 6-01-04.4
Prompt corrective action§ 6-01-04.5
Investigation of bank holding companies§ 6-01-06
Appointment of receivers§ 6-01-07.1
Records - Confidential