Exemption of property from execution sale
N.D. Cent. Code § 6-09.4-17
in effect6-09.4-17. Exemption of property from execution sale
All property of the public finance authority is exempt from levy and sale by virtue of an
execution and no execution or other judicial process may issue against the same nor may any
judgment against the public finance authority be a charge or lien upon its property; provided,
that nothing contained in this chapter applies to or limits the rights of the holder of any bonds to
pursue any remedy for the enforcement of any pledge or lien given by the public finance
authority on its revenues. Any action or proceeding in any court to set aside a resolution
authorizing the issuance of bonds by the public finance authority under this chapter or to obtain
any relief upon the ground that such resolution is invalid must be commenced within ten days
after the adoption of said resolution by the industrial commission. After the expiration of such
period of limitation, no claim for relief or defense founded upon the invalidity of the resolution or
any of its provisions may be asserted nor may the validity of the resolution or any of its
provisions be open to question in any court on any ground whatever.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c09-4.pdf#nameddest=6-09p4-17Fetched: 10/16/2026