North Dakota Code 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.
Terms Used In North Dakota Code 44-04-07
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
- year: means twelve consecutive months. See North Dakota Code 1-01-33
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.