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North Dakota Century Code Title 40. Municipal Government § 40-05-26. Development by a foreign adversary--Prohibition

Current as of January 01, 2024 | Updated by FindLaw Staff

1. A board of city commissioners or city council, including a board or council in a home rule city, may not procure, authorize, or approve a development agreement, building plan, or proposal relating to city development with an individual or government identified as a foreign adversary under 15 CFR 7.4(a) or a person identified on the office of foreign assets control sanctions list.

2. This section does not apply to a foreign adversary as defined in subsection 1 possessing an interest in real property if the foreign adversary:

a. Is a duly registered business and has maintained a status of good standing with the secretary of state for seven years or longer before August 1, 2023;

b. Has been approved by the committee on foreign investment in the United States; and

c. Maintains an active national security agreement with the federal government.

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Cite this article: FindLaw.com - North Dakota Century Code Title 40. Municipal Government § 40-05-26. Development by a foreign adversary--Prohibition - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-40-municipal-government/nd-cent-code-sect-40-05-26/

Read this complete North Dakota Century Code Title 40. Municipal Government § 40-05-26. Development by a foreign adversary--Prohibition on Westlaw

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 or via Westlaw before relying on it for your legal needs.

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