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Current as of January 01, 2024 | Updated by Findlaw Staff
The society may only receive and accept any grant, devise, bequest, donation, gift, or assignment of money, bonds, choses in action, or any property for any purpose consistent with the statutory responsibilities of the society. The society must receive and accept the same, and the right and title thereto, in the name of the state. All moneys coming into the hands of the society as donations, gifts, grants, and bequests, unless by the terms of the donation, gift, grant, or bequest the moneys are required to be maintained in another manner, must be maintained within the state treasury. All rent, interest, or income from land, money, or property received by the society by donation, gift, grant, or bequest must also be maintained within the state treasury unless by the terms of acquisition the moneys are required to be maintained in a different manner. The moneys must be paid out for the purposes prescribed by the donor as authorized by the board by warrant-check prepared by the office of management and budget.
Cite this article: FindLaw.com - North Dakota Century Code Title 55. State Historical Society and State Parks § 55-01-04. Acceptance of gifts, grants, devises, bequests, donations, and assignments--Deposited with the state treasurer--How expended - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-55-state-historical-society-and-state-parks/nd-cent-code-sect-55-01-04/
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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