Any municipality, in connection with the issuance of refunding bonds, may appoint a fiscal agent, provide for the fiscal agent's powers, duties, functions, and compensation, limit the fiscal agent's liabilities, prescribe a method for the fiscal agent's resignation, removal, merger, or consolidation, and provide for the appointment of a successor and the transfer of rights and properties to such successor fiscal agent.
N.D. Cent. Code § 40-36-15
Municipalities may appoint fiscal agent - Make rules and regulations governing
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.