North Dakota § 6-03-48 - Investment in notes or bonds secured by insured mortgage - Debentures of
Full text of North Dakota North Dakota Century Code § 6-03-48 — Investment in notes or bonds secured by insured mortgage - Debentures of, with citation guidance and answers to common questions.
§ 6-03-48. Investment in notes or bonds secured by insured mortgage - Debentures of
federal housing administrator authorized. Banks, savings banks, trust companies, savings and loan associations, executors, administrators, guardians, trustees, and other fiduciaries, the state of North Dakota and its political subdivisions, institutions, and agencies thereof, and all other persons, associations, and corporations subject to the laws of this state may invest the funds and moneys in their custody or possession eligible for investment in notes or bonds secured by mortgage or deed of trust insured by the federal housing administrator, in debentures issued by the federal housing administrator, and in securities issued by national mortgage associations.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 6-03-48
What does North Dakota Century Code § 6-03-48 cover?
Section 6-03-48 ("Investment in notes or bonds secured by insured mortgage - Debentures of") is part of the North Dakota Century Code, the codified statutory law of North Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Dakota § 6-03-48?
A common citation format is "North Dakota Century Code § 6-03-48" (North Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 6-03-48 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Dakota.