N.D. Cent. Code § 61-02-59
61-02-59. Series of bonds may be secured by trust indenture
61-02-59. Series of bonds may be secured by trust indenture
In the discretion of the commission, any series of bonds may be secured by a trust
indenture by and between the commission and a corporate trustee, which may be any trust
company or bank having the powers of a trust company within or outside of the state.