North Dakota § 54-34-13 Duties and functions of venture capital network

North Dakota Statutes

§ 54-34-13 — Duties and functions of venture capital network

North Dakota § 54-34-13

Title 54State Government

Ch. 54-34Economic Development

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Bluebook

N.D. Cent. Code § 54-34-13 (2026).

Text

The venture capital network may:

1.Solicit, compile, profile, and maintain current information describing opportunities for risk capital investment in new or emerging business ventures.

2.Identify active informal investors and profile their distinguishing investment objectives.

3.Provide, for a reasonable fee, a timely, confidential, and objective referral system serving both entrepreneurs and investors.

4.Maintain statistics on the operation of the venture capital network, including the number of profiled entrepreneurs and investors, referrals, and referrals resulting in investment.

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The venture capital network may:
1. Solicit, compile, profile, and maintain current information describing opportunities for
risk capital investment in new or emerging business ventures.
2. Identify active informal investors and profile their distinguishing investment objectives.
3. Provide, for a reasonable fee, a timely, confidential, and objective referral system
serving both entrepreneurs and investors.
4. Maintain statistics on the operation of the venture capital network, including the
number of profiled entrepreneurs and investors, referrals, and referrals resulting in
investment.