North Dakota Statutes

§ 21-10-05 — Investment director - Powers and duties

North Dakota § 21-10-05
JurisdictionNorth Dakota
Title 21Governmental Finance
Ch. 21-10State Investment Board

This text of North Dakota § 21-10-05 (Investment director - Powers and duties) 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 § 21-10-05 (2026).

Text

Subject to the limitations contained in the law or the policymaking regulations or resolutions adopted by the board, the investment director may sign and execute all contracts and agreements to make purchases, sales, exchanges, investments, and reinvestments relating to the funds under the management of the board. This section is a continuing appropriation of all moneys required for the making of investments of funds under the management of the board. The investment director shall see that moneys invested are at all times handled in the best interests of the funds. Securities or investments may be sold or exchanged for other securities or investments. The investment director shall formulate and recommend to the investment board for approval investment regulations or resolutions pertaining

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Bluebook (online)
North Dakota § 21-10-05, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/21-10-05.