North Dakota Statutes

§ 61-08-23 — Where money received from bond issue placed - Lien on money

North Dakota § 61-08-23
JurisdictionNorth Dakota
Title 61Waters
Ch. 61-08Fiscal Affairs of Irrigation Districts

This text of North Dakota § 61-08-23 (Where money received from bond issue placed - Lien on money) 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 § 61-08-23 (2026).

Text

All money received from any bond issue must be placed in a fund and applied solely for the purpose for which it was borrowed and for no other purpose except that the money may be temporarily invested in securities approved by the board. A lien is granted upon the money until so applied, in favor of the owners or holders of the bonds or in favor of the trustee appointed in connection with the bonds.

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Bluebook (online)
North Dakota § 61-08-23, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/61-08-23.