North Dakota Code § 32-16-38

Securities taken in name of clerk
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When security for the proceeds of a sale is taken, or when an investment of any proceeds is 
made, it must be done, except as herein otherwise provided, in the name of the clerk of the 
district court of the county where the papers are filed, and the clerk's successors in office, who 
must hold the same for the use and benefit of the parties interested, subject to the order of the 
court.

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