North Dakota Code 15-04-13 – Approval of leases by board – Execution of lease contracts
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The board of university and school lands shall approve and confirm such leases as in its judgment should be made and shall certify to the commissioner a list of the approved leases by December thirty-first. The commissioner shall execute contracts of lease in the form prescribed by the board and shall forward same to the lessee.
Terms Used In North Dakota Code 15-04-13
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC