§ 54-27-16 — Permission of industrial commission necessary for investment of public funds

funds.
No officer, nor the head of any board, bureau, commission, institution, or industry of the
state, except the Bank of North Dakota, may buy, sell, exchange, or in any manner acquire or
dispose of any stocks, bonds, certificates of indebtedness, notes, mortgages, or other evidence
of debt, in which any of the public funds of said officer, board, bureau, commission, institution,
department, or industry are or may be invested, without first having obtained permission from
the industrial commission of the state. Such permission must be granted by a resolution duly
adopted. The provisions of this section do not apply to loans and investments made by the
board of university and school lands or by the state investment board on behalf of the funds
enumerated in section 21-10-06.