North Dakota § 48-09-03 - Security required of successful bidder
Full text of North Dakota North Dakota Century Code § 48-09-03 — Security required of successful bidder, with citation guidance and answers to common questions.
§ 48-09-03. Security required of successful bidder
The governing body, in its discretion, may require a deposit of security by the successful bidder for a concession within ten days after notice of the acceptance of the bid. If such deposit of security is not so furnished, the concession may be let to the next highest bidder, and if there is no other bidder, to some other party. Such deposit of security must be approved and accepted before the renting, leasing, or licensing of such public property shall become effective. Vending, service, and merchandising machines shall be permitted in public buildings only upon payment of an adequate compensation for such privilege. All moneys received under the provisions of this section and section 48-09-01 shall be turned into the general fund of the state, county, or municipality, as the case may be.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 48-09-03
What does North Dakota Century Code § 48-09-03 cover?
Section 48-09-03 ("Security required of successful bidder") is part of the North Dakota Century Code, the codified statutory law of North Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Dakota § 48-09-03?
A common citation format is "North Dakota Century Code § 48-09-03" (North Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 48-09-03 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Dakota.