Notes or obligations - Legal investments
N.D. Cent. Code § 10-30-14
in effect10-30-14. Notes or obligations - Legal investments
Notwithstanding any other statute, the notes or other interest-bearing obligations of a state
development corporation, issued in accordance with this chapter and the articles of
incorporation and the bylaws of the corporation, are legal investments for any banks, savings
and loan associations, trust companies, or other financial institutions which become members of
the corporation. The Bank of North Dakota and the North Dakota mill and elevator are each
authorized to purchase capital stock and become members of the corporation.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t10c30.pdf#nameddest=10-30-14Fetched: 10/16/2026