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Current as of January 01, 2024 | Updated by Findlaw Staff
A person who submits a bid to the state, any of its agencies, or any of its political subdivisions to sell any type of motor vehicle is not required to submit a bidder's bond or a certified or cashier's check if that person is already bonded pursuant to section 39-22-05. If the buyer requires a performance bond, then within ten days of the awarding of the contract, the successful bidder shall submit a performance bond to the appropriate state agency or political subdivision in an amount equal to the contract price.
Cite this article: FindLaw.com - North Dakota Century Code Title 39. Motor Vehicles § 39-22-05.2. When bid bonds not required in bids to state or political subdivisions - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-39-motor-vehicles/nd-cent-code-sect-39-22-05-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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