North Dakota Code 54-52-14 – Acceptance of money and property by the board
Current as of: 2023 | Check for updates
|
Other versions
The board may take by gift, grant, devise, or bequest, any money or real or personal property or any other thing of value for the benefit of the employees retirement fund, and when received, said property becomes a part of such fund.
Terms Used In North Dakota Code 54-52-14
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Property: includes property, real and personal. See North Dakota Code 1-01-49