N.D. Cent. Code § 10-30.5-04
10-30.5-04. Powers
10-30.5-04. Powers
The corporation must be organized as a nonprofit corporation. In addition to the powers in
chapter 10-33, the corporation may:
1. Cooperate, contract with, and provide funding to any private or public entity.
2. Receive appropriations from the legislative assembly and other public moneys as well
as contributions from other private or public contributors. The funds for the
entrepreneurship awards under section 10-30.5-12 may not exceed one million dollars.
3. Provide management services for the Bank's alternative and venture capital
investments and early-stage capital funds.