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The Bank of North Dakota, instead of foreclosing, may take a conveyance from the owner to the state treasurer as trustee for the state of North Dakota in payment of the mortgage covering the land conveyed.
Cite this article: FindLaw.com - North Dakota Century Code Title 54. State Government § 54-30-20. Transfer of land covered by mortgage to state by mortgagor - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-54-state-government/nd-cent-code-sect-54-30-20.html
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