North Dakota Statutes
§ 61-08-07 — Bonds - Rate of interest
North Dakota § 61-08-07
This text of North Dakota § 61-08-07 (Bonds - Rate of interest) 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 § 61-08-07 (2026).
Text
Every bond provided for in this chapter must be a negotiable instrument and must bear
interest at a rate or rates resulting in an average annual net interest rate which must not exceed
twelve percent per annum if the bonds are sold at private sale. There is no interest rate ceiling
on bonds sold at public sale or to the state of North Dakota or any of its agencies or
instrumentalities. Each bond must specify the time and place of payment of the principal.
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Bluebook (online)
North Dakota § 61-08-07, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/61-08-07.