North Dakota Code 6-03-49 – Federal housing administrator – Insured bonds and notes – Debentures – Security for deposits
Current as of: 2023 | Check for updates
|
Other versions
Notes and bonds insured and debentures issued by the federal housing administrator are eligible as collateral to secure the deposit of public or other funds, as deposits with any public official or department, and for investment of capital, surplus, reserve, or other funds where such investment is limited to designated securities.
Terms Used In North Dakota Code 6-03-49
- capital: as used in this title embraces the amount of outstanding capital notes and debentures legally issued by any banking institution. See North Dakota Code 6-03-42