North Dakota Statutes
§ 15-06-28 — Execution of contract - Failure
Immediately upon the sale by the board of university and school lands, the purchaser shall
execute a purchase agreement for a cash sale or a contract in the form prescribed by the board.
The failure of a purchaser to execute a purchase agreement or a contract constitutes a forfeiture
of the payment made at or before the sale. When a purchase agreement or contract is executed
properly by the commissioner, a copy must be delivered to the purchaser.
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Nearby Sections
15
§ 15-01-01
Board - Membership - Officers§ 15-01-03
Meetings of board - Quorum§ 15-01-04
Record of meeting§ 15-02-02
Term of office - Vacancy§ 15-02-03
Commissioner - Salary§ 15-02-04
Deputy commissioner - Appointment - Oath§ 15-02-05
Powers and duties in general§ 15-02-05.1
Additional duties of commissioner§ 15-02-05.2
Administrator of abandoned property - Employment