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57 chapters · 954 sections in this title.
N.D.C.C. § 61-35-42 Receiver of project - When appointed
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If the district defaults in the payment of the principal or interest on any of the bonds when due, whether at maturity or upon call for redemption, and the default continues for a period of thirty days, or if the district or the board, or officers, agents, or employees of the dis…
N.D.C.C. § 61-35-43 Powers and duties of receiver of project
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A receiver appointed under section 61-35-42, directly or by agents and attorneys, shall immediately enter into and upon and take possession of the entire project and may exclude from the project the district, its board, officers, agents, and employees, and all persons claiming un…
N.D.C.C. § 61-35-44 Court may direct receiver to surrender possession of project
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After payment of all that is due upon the bonds and any other obligations that are a charge, lien, or encumbrance on the revenues of the project under any of the terms of any covenants or agreements with bondholders, and after all defaults have been made good, the court, after no…
N.D.C.C. § 61-35-45 Receiver subject to jurisdiction of court - Jurisdiction of court
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A receiver under this chapter acts under the direction and supervision of the appointing court and is subject to the orders of that court and may be removed by it. This chapter does not limit the jurisdiction of the court to enter orders it deems necessary for the receiver to exe…
