North Dakota Statutes
§ 15-10-50 — Liability for pledged amount
If in accordance with section 15-10-48, 15-10-48.1, or 15-10-49, the state board of higher
education provides grant funds to an institution, on the basis of a monetary pledge, and if the
amount forthcoming is less than the amount pledged, the institutional foundation is liable to the
institution for any shortfall.
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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