Property Management
Under North Dakota law, security deposits held by a property manager must be:
ADeposited into the manager's personal account
BHeld in a separate trust account and not commingled with operating funds✓ Correct
CInvested in real estate investment trusts
DReturned within 30 days regardless of damages
Explanation
Security deposits must be held in a separate trust account and may not be commingled with the property manager's or owner's personal or operating funds.
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