§ 44-04-07 — Inventory required

The person in charge of any state department, industry, institution, board, association, or
commission shall maintain, or cause to be maintained, a complete and current inventory record
of all property of sufficient value and permanence as to render such inventory record practical.
Each year such person shall make a complete inventory of all such property, and shall maintain
such inventory, with the person's certificate thereto attached, as to the correctness of same, in
the files and records of the department, industry, institution, board, association, or commission.

Said inventory record must provide a comprehensive description of each item, together with
manufacturer's serial number, or other means of positive identification, and must include
statements of all property disposed of by any means whatsoever, including livestock and
increase therefrom, and must be in such form and detail as may be prescribed by the
department charged with the duty of auditing or examining such records.