N.D. Cent. Code ch. 21-04 – Depositories of Public Funds | Midpage

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North Dakota Century Code

Chapter 21-04

N.D. Cent. Code ch. 21-04

Depositories of Public Funds

21-04-01Definitions 21-04-02State funds to be deposited in Bank of North Dakota 21-04-03Funds of public corporations to be deposited in designated depository 21-04-04Money deposited promptly - Withdrawal - Penalty 21-04-05Financial institution - Designation as depository 21-04-06Designating public depositories where there is only one financial institution or no financial institution 21-04-07Limitation on county deposit in financial institution 21-04-08Bond of depository - Approval or disapproval - Term 21-04-09Pledge of security in place of depository bond 21-04-09.1Letters of credit for public deposits - Security interest - Priority - Written agreement 21-04-10Interest payable to financial institution - Sale of pledged securities on default 21-04-11Record of securities - Reapproval semiannually 21-04-12Termination of depository relationship 21-04-13Board meetings - Designating depositories 21-04-14Proposals for deposit 21-04-15Townships and public school districts - Selection of depositories at any time 21-04-16When no bonds are required 21-04-17When bonds are required 21-04-18Interest or dividend rates 21-04-19Itemized statements 21-04-20Report of the treasurer 21-04-21Public corporations with less than five hundred dollars 21-04-22Funds deposited - Custodian exonerated 21-04-23Penalty 21-04-24All public funds are governed by provisions of chapter