North Dakota Code 50-06.1-08 – Gifts – Authorization to accept and use
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The division executive director, with the approval of the department, may accept and use gifts made unconditionally by will or otherwise for carrying out the purposes of this chapter. Gifts made under such conditions as in the judgment of the department are proper and consistent with the provisions of this chapter may be so accepted and must be held, invested, and reinvested, and used in accordance with the conditions of the gift.
Terms Used In North Dakota Code 50-06.1-08
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.