Who may invest in bonds
N.D. Cent. Code § 15-55-08
in effect15-55-08. Who may invest in bonds
Any bank or trust company organized under the laws of this state may invest its capital and
surplus in bonds issued under this chapter. Any state board, bureau, institution, or industry
having the power to invest public funds or the funds of such board, bureau, institution, or
industry may invest said funds in bonds issued pursuant to this chapter in the same manner and
under the same restrictions as are provided by law for other investments. The officers having
charge of any sinking fund of any county, city, town, township, or school district thereof may
invest the sinking fund of such county, city, town, township, or school district in bonds issued
under the provisions thereof. The bonds are authorized collateral security for the deposit of any
public funds and for the investment of trust funds.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t15c55.pdf#nameddest=15-55-08Fetched: 10/16/2026