North Dakota § 61-35-44 Court may direct receiver to surrender possession of project

North Dakota Statutes

§ 61-35-44 — Court may direct receiver to surrender possession of project

North Dakota § 61-35-44

Title 61Waters

Ch. 61-35Water Districts

This text of North Dakota § 61-35-44 (Court may direct receiver to surrender possession of project) 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 § 61-35-44 (2026).

Text

After payment of all that is due upon the bonds and any other obligations that are a charge,
lien, or encumbrance on the revenues of the project under any of the terms of any covenants or
agreements with bondholders, and after all defaults have been made good, the court, after
notice and hearing as it deems proper, may direct the receiver to surrender the possession of
the project to the district. The holders of the bonds have the same right to secure the
appointment of a receiver upon any subsequent default as is provided in this chapter in the case
of an original default.

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After payment of all that is due upon the bonds and any other obligations that are a charge,
lien, or encumbrance on the revenues of the project under any of the terms of any covenants or
agreements with bondholders, and after all defaults have been made good, the court, after
notice and hearing as it deems proper, may direct the receiver to surrender the possession of
the project to the district. The holders of the bonds have the same right to secure the
appointment of a receiver upon any subsequent default as is provided in this chapter in the case
of an original default.