§ 15-68-01 Trust establishment
§ 15-68-02 Powers and duties of board
§ 15-68-03 Donation
§ 15-68-04 Trust management
§ 15-68-05 Payments in lieu of taxation
§ 15-68-06 Continuing appropriation

Terms Used In North Dakota Code > Chapter 15-68 - Indian Cultural Education Trust

  • Bequest: Property gifted by will.
  • Devise: To gift property by will.
  • Donor: The person who makes a gift.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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
  • Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • 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