North Dakota § 15-03-02 Proceeds from trust fund assets

North Dakota Statutes

§ 15-03-02 — Proceeds from trust fund assets

North Dakota·Title 15 Education·Ch. 15-03 Investment of Funds

All proceeds from the sale and management of any assets under the control of the board of
university and school lands must be deposited in the trust fund for which the assets were
granted or earned and are pledged specifically for the maintenance of the institution for which
such assets were granted or earned. The cost of administering a trust fund may be paid out of
the fund, in accordance with section 1 of article IX of the Constitution of North Dakota.

Free access — add to your briefcase to read the full text and ask questions with AI

All proceeds from the sale and management of any assets under the control of the board of
university and school lands must be deposited in the trust fund for which the assets were
granted or earned and are pledged specifically for the maintenance of the institution for which
such assets were granted or earned. The cost of administering a trust fund may be paid out of
the fund, in accordance with section 1 of article IX of the Constitution of North Dakota.

North Dakota § 15-03-02 (Proceeds from trust fund assets) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.