Notwithstanding any other provision of law to the contrary, the Bank of North Dakota shall replace the state treasurer as the custodian of all securities that are required to be deposited with the state except that the state treasurer is the custodian of all securities resulting from the investment of funds by the state treasurer, or except as otherwise required by this section and sections 6 -05-04, 6 -05-05, 6 -05-27, 39 -16-10, and 39 -16.1-15, subsection 1 of section 39-16.1-17, and subsection 1 of section 39-16.1-19.
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