N.D. Cent. Code § 54-30-11

Current through 2023 Legislative Sessions

Section 54-30-11 - Payment of assigned mortgage

After the Bank, under this chapter, has assigned any mortgage, and the obligation thereby secured, all payments thereon must be made to the Bank in trust for:

1. The security and payment of bonds to be issued as provided in this chapter; and

2. Delivery to the general fund of the state of such remaining part or balance thereof as may come within this chapter.

N.D.C.C. § 54-30-11