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Current as of January 01, 2024 | Updated by Findlaw Staff
Immediately upon the sale by the board of university and school lands, the purchaser shall execute a purchase agreement for a cash sale or a contract in the form prescribed by the board. The failure of a purchaser to execute a purchase agreement or a contract constitutes a forfeiture of the payment made at or before the sale. When a purchase agreement or contract is executed properly by the commissioner, a copy must be delivered to the purchaser.
Cite this article: FindLaw.com - North Dakota Century Code Title 15. Education § 15-06-28. Execution of contract--Failure - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-15-education/nd-cent-code-sect-15-06-28/
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