North Dakota § 15.1-07-13 Negotiable instruments - Cancellation - Description in minutes

North Dakota Statutes

§ 15.1-07-13 — Negotiable instruments - Cancellation - Description in minutes

North Dakota·Title 15.1 Elementary and Secondary Education·Ch. 15.1-07 School Districts

The board of a school district, at a regular meeting, may cancel all negotiable instruments
that have remained unpaid for one year or more. Before canceling a negotiable instrument, the
board shall enter in its minutes a brief description of the instrument, including the name of the
payee, and the number, date, and amount of each instrument to be canceled. If any party
entitled to payment appears and shows cause for the delay in presenting the instrument for
payment, the board may issue a new instrument in the amount to which the party is entitled,
unless the board is barred from so doing by the statute of limitations.

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

The board of a school district, at a regular meeting, may cancel all negotiable instruments
that have remained unpaid for one year or more. Before canceling a negotiable instrument, the
board shall enter in its minutes a brief description of the instrument, including the name of the
payee, and the number, date, and amount of each instrument to be canceled. If any party
entitled to payment appears and shows cause for the delay in presenting the instrument for
payment, the board may issue a new instrument in the amount to which the party is entitled,
unless the board is barred from so doing by the statute of limitations.

North Dakota § 15.1-07-13 (Negotiable instruments - Cancellation - Description in minutes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.