Acceptance of gifts, grants, devises, bequests, donations, and assignments - Deposited with the state treasurer - How expended
N.D. Cent. Code § 55-01-04
in effect55-01-04. Acceptance of gifts, grants, devises, bequests, donations, and assignments
- Deposited with the state treasurer - How expended.
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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t55c01.pdf#nameddest=55-01-04Fetched: 10/16/2026