Liability for pledged amount

N.D. Cent. Code § 15-10-50
in effect
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15-10-50. Liability for pledged amount If in accordance with section 15-10-48, 15-10-48.1, or 15-10-49, the state board of higher education provides grant funds to an institution, on the basis of a monetary pledge, and if the amount forthcoming is less than the amount pledged, the institutional foundation is liable to the institution for any shortfall.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t15c10.pdf#nameddest=15-10-50Fetched: 10/16/2026

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