61-37-15. Remedies on default of municipal securities.
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/nd/title-61/chapter-61-37-irrigation-district-finance-program/61-37-15·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the event of a default by an irrigation district in the payment of interest on or principal of any municipal securities owned or held by the program, the program may proceed to enforce payment, pursuant to law, of the interest or principal or other amount then due and payable.