North Dakota Code 35-06-10 – Fraudulent misrepresentation of property pledged – Rights of creditor
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When a debtor has obtained credit or an extension of time by a fraudulent misrepresentation of the value of the property pledged by or for the debtor, the creditor may demand a further pledge to correspond with the value represented and in default thereof may recover the creditor’s debt immediately though it is not actually due.
Terms Used In North Dakota Code 35-06-10
- Property: includes property, real and personal. See North Dakota Code 1-01-49