North Dakota Code § 54-30-24.1

Bonds as legal investments and security
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Notwithstanding any restrictions contained in any other law, the state and all public officers, 
boards, and agencies, and political subdivisions and agencies thereof, all national banking 
associations, state banks, trust companies, savings banks and institutions, savings and loan 
associations, investment companies, and other persons carrying on a banking business, and all 
executors, administrators, guardians, trustees, and other fiduciaries, may legally invest any 
sinking funds, moneys, or other funds belonging to them or within their control in any bonds 
issued pursuant to this chapter, and the bonds are authorized security for all public deposits.

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