Bonds legal investments for public officers
N.D. Cent. Code § 40-61-13
in effect40-61-13. Bonds legal investments for public officers
Except as otherwise provided in the Constitution of North Dakota, the bonds are hereby
made securities in which all public officers and bodies of this state and all municipalities and
municipal subdivisions, all banks, bankers, trust companies, savings banks, savings
associations, including savings and loan associations, investment companies, and other
persons carrying on a banking business, and all other persons whatsoever except as hereinafter
provided, who are now or may hereafter be authorized to invest in bonds or other obligations of
the state, may properly and legally invest funds, including capital in their control or belonging to
them. However, notwithstanding the provisions of any other general or special law to the
contrary, the bonds are not eligible for the investment of funds, including capital, of trusts,
estates, or guardianships under the control of individual administrators, guardians, executors,
trustees, and other individual fiduciaries. The bonds are authorized securities which may be
deposited with and shall be received by all public officers and bodies of this state and all
municipalities and municipal subdivisions for any purpose for which the deposit of bonds or
other obligations of this state is now or may hereafter be authorized.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t40c61.pdf#nameddest=40-61-13Fetched: 10/16/2026