North Dakota Statutes

§ 61-24-31 — Remedies of bondholders in general

North Dakota·Title 61 Waters·Ch. 61-24 Garrison Diversion Conservancy District
1.Subject to any contractual limitations binding upon the holders of any issue of bonds, or a trustee for the holders, including the restriction of the exercise of any remedy to a specified proportion or percentage of the holders, any holder of bonds or trustee, for the equal benefit and protection of all bondholders similarly situated, may:
a.By mandamus or other civil action, enforce the holder's rights against the district and its board and any of its officers, agents, or employees and may require the district or the board or any officers, agents, or employees of the district or board to perform their duties and obligations under this chapter and their covenants and agreements with bondholders.
b.By civil action, require the district and the board to account as if the district and th

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