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 § 15.1-07-13

Title 15.1Elementary and Secondary Education

Ch. 15.1-07School Districts

This text of North Dakota § 15.1-07-13 (Negotiable instruments - Cancellation - Description in minutes) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 15.1-07-13 (2026).

Text

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.

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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.