N.D. Cent. Code § 10-30.5-05
This is the official text of N.D. Cent. Code § 10-30.5-05, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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10-30.5-05. Management
Official statutory text
10-30.5-05. Management
1. The director of the department of commerce division of economic development and
finance shall appoint the chief executive officer of the corporation. The board of
directors shall determine minimum qualifications of all other staff positions.
2. If the chief executive officer of the corporation is absent for more than five consecutive
days or is anticipated to be absent for more than five consecutive days, the chief
executive officer may delegate the duties and responsibilities of the chief executive
officer to the director of the department of commerce division of economic
development and finance, or the director's designee.
3. All investments, contracts, partnerships, limited liability companies, and business
transactions of the corporation are the responsibility of the chief executive officer and
the board of directors. The board may provide that normal operating costs anticipated
in an approved budget may be incurred and paid without prior board approval.
1. The director of the department of commerce division of economic development and
finance shall appoint the chief executive officer of the corporation. The board of
directors shall determine minimum qualifications of all other staff positions.
2. If the chief executive officer of the corporation is absent for more than five consecutive
days or is anticipated to be absent for more than five consecutive days, the chief
executive officer may delegate the duties and responsibilities of the chief executive
officer to the director of the department of commerce division of economic
development and finance, or the director's designee.
3. All investments, contracts, partnerships, limited liability companies, and business
transactions of the corporation are the responsibility of the chief executive officer and
the board of directors. The board may provide that normal operating costs anticipated
in an approved budget may be incurred and paid without prior board approval.
Status: in_force · Read it on the official government site
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