Public finance authority as continuation of and successor in interest to municipal bond bank
N.D. Cent. Code § 6-09.4-26
in effect6-09.4-26. Public finance authority as continuation of and successor in interest to
municipal bond bank.
1. Beginning August 1, 2005, the public finance authority is deemed the continuation of
and successor in interest to the municipal bond bank and any reference to the
municipal bond bank or bond bank in any agreement, certificate, contract, covenant,
indenture, resolution, recital, undertaking, bond, note, other evidence of indebtedness,
or in any other document or instrument means the public finance authority.
2. The public finance authority as the continuation of and successor in interest to the
municipal bond bank is deemed to:
a. Possess all rights, title, privileges, powers, immunities, property, assets, and
claims of the bond bank; and
b. Fulfill and perform all obligations of the bond bank, including all bond bank
obligations relating to outstanding bonds and notes.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c09-4.pdf#nameddest=6-09p4-26Fetched: 10/16/2026