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North Dakota Statutes, Title 21

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North Dakota/Statutes

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Title 21, Governmental Finance

15 chapters · 155 sections in this title.

All chapters in Title 21155 Ch 21-03, Bonds47 Ch 21-04, Depositories of Public Funds23 Ch 21-10, State Investment Board15 Ch 21-03.1, Registration of Public Obligations12 Ch 21-01, Payment and Registration of Warrants11 Ch 21-02, Certificates of Indebtedness10 Ch 21-06, Miscellaneous Provisions10 Ch 21-05, Claims Against Townships and Counties6 Ch 21-02.1, Evidence of Indebtedness Proceedings…6 Ch 21-09, Bond Validating Act4 Ch 21-12, Private Activity Bond Ceiling Allocation4 Ch 21-13, Political Subdivision Borrowing4 Ch 21-07, Sinking Fund Levy and Collection Records3

12 sections·Filtered byTitle 21✕Ch 21-03.1✕

N.D.C.C. § 21-03.1-01 Definitions
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As used in this chapter, the following terms have the following meanings: 1. "Authorized officer" means any individual required or permitted, alone or with others, by any provision of law or by the issuing public entity, to execute on behalf of the public entity a certificated re…
N.D.C.C. § 21-03.1-02 System of registration
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1. Each issuer is authorized to establish and maintain a system of registration with respect to each obligation which it issues. The system may either be: a. A system pursuant to which only certificated registered public obligations are issued. b. A system pursuant to which only …
N.D.C.C. § 21-03.1-03 Execution - Authentication
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1. A certificated registered public obligation must be executed by the issuer by the manual or facsimile signature or signatures of authorized officers. Any signature of an authorized officer may be attested by the manual or facsimile signature of another authorized officer. 2. I…
N.D.C.C. § 21-03.1-04 Signatures
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1. Any certificated registered public obligation signed by the authorized officers at the time of the signing thereof remains valid and binding, notwithstanding that before the issuance thereof any or all of such officers have ceased to fill their respective offices. 2. Any autho…

N.D.C.C. § 21-03.1-05 Seal

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When a seal is required or permitted in the execution of any certificated registered public obligation, an authorized officer may cause the seal to be printed, engraved, stamped, or otherwise placed in facsimile thereon. The facsimile seal has the same legal effect as the impress…

N.D.C.C. § 21-03.1-06 Agents - Depositories

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1. An issuer may appoint for such term as may be agreed, including for so long as a registered public obligation may be outstanding, corporate or other authenticating agents, transfer agents, registrars, paying, or other agents, specify the terms of their appointment, including t…

N.D.C.C. § 21-03.1-07 Costs - Collection

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1. An issuer, prior to or at original issuance of registered public obligations, may provide as a part of a system of registration that the transferor or transferee of the registered public obligations pay all or a designated part of the costs of the system as a condition precede…

N.D.C.C. § 21-03.1-08 Security for deposits

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Obligations issued by public entities under the laws of this state which are in registered form, whether or not represented by an instrument, and which, except for their form, satisfy the requirements with regard to security for deposits of moneys of public agencies prescribed pu…

N.D.C.C. § 21-03.1-09 Public records - Locations

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1. Records, with regard to the ownership of or security interests in registered public obligations, are not subject to inspection or copying under any law of this state relating to the right of the public to inspect or copy public records, notwithstanding any law to the contrary.…

N.D.C.C. § 21-03.1-10 Applicability - Determination

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1. Unless at any time prior to or at original issuance of a registered public obligation the official or official body of the issuer determines otherwise, this chapter is applicable to such registered public obligation notwithstanding any provision of law to the contrary. When th…

N.D.C.C. § 21-03.1-11 Construction

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This chapter must be construed in conjunction with the Uniform Commercial Code and the principles of contract law relative to the registration and transfer of obligations.

N.D.C.C. § 21-03.1-12 Amendment or repeal - Effect

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The state hereby covenants with the owners of any registered public obligations that it will not amend or repeal this chapter if the effect may be to impair the exemption from income taxation of interest on registered public obligations.