North Dakota Code 40-46-07 – Acceptance of money and property by the board
Current as of: 2023 | Check for updates
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The board of trustees may take by gift, grant, devise, or bequest any money or real or personal property or other thing of value for the benefit of the city employees’ pension fund, and when received, such property shall become a part of such fund.
Terms Used In North Dakota Code 40-46-07
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Property: includes property, real and personal. See North Dakota Code 1-01-49