Title 070 · Title 70

Accepting nonnegotiable instruments.

Citation: N.D. Admin. Code § 70-02-03-14

Section: 70-02-03-14

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. History: Amended effective January 1, 1992. General Authority: NDCC 43-23-11.1(1) Law Implemented: NDCC 43-23-11.1(1)