N.D. Cent. Code § 61-02-68.9
61-02-68.9. Registration of interim financing notes - Interest payment - Redemption prior to maturity
61-02-68.9. Registration of interim financing notes - Interest payment - Redemption
prior to maturity.
The commission may provide for the registration of interim financing notes in the name of
the owner either as to principal alone, or as to both principal and interest, on such terms and
conditions as the commission may determine by the resolution authorizing their issue. Interest
on the notes may be made payable semiannually, annually, or at maturity, however, the first
interest payment period may be less than six months. The notes may be made redeemable,
prior to maturity, at the option of the commission, in the manner and upon the terms fixed by the
resolution authorizing their issuance.