N.D. Admin. Code 70-02-03-14

Current through Supplement No. 392, April, 2024

Section 70-02-03-14 - Accepting nonnegotiable instruments

A broker or salesperson shall not accept any note or any nonnegotiable instrument or anything of value not readily negotiable as a deposit on a contract or offer to purchase without the knowledge and permission of the broker's or salesperson's principal.

N.D. Admin Code 70-02-03-14

Amended effective January 1, 1992.

General Authority: NDCC 43-23-11.1(1)

Law Implemented: NDCC 43-23-11.1(1)