North Dakota Code 23-11-15 – Right of authority to vest certain rights in obligee not restricted
Current as of: 2023 | Check for updates
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Sections 23-11-12, 23-11-13, and 23-11-14 may not be construed as limiting or restricting the power of an authority to vest in an obligee the right, in the event of a default by the authority, to take possession of a housing project or to cause the appointment of a receiver thereof or to acquire title thereto through foreclosure proceedings.
Terms Used In North Dakota Code 23-11-15
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC