N.D. Cent. Code § 10-06.1-11
This is the official text of N.D. Cent. Code § 10-06.1-11, 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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10-06.1-11. Required nonprofit organization divestiture of farmland or ranchland
Official statutory text
10-06.1-11. Required nonprofit organization divestiture of farmland or ranchland
In addition to the divestiture requirements of sections 10-06.1-10 and 10-06.1-24, a
nonprofit organization that acquires farmland or ranchland by gift or devise after December 31,
1984, the ownership of which is not permitted under this chapter, shall divest itself of the land
within ten years after the acquisition. For purposes of this section, "ownership" means holding
either fee or equitable title, unless fee title is held solely as security for payment of the purchase
price, or unless fee title does not carry with it the right to immediate possession of the property.
If the organization fails to divest itself of the land within the required time, the attorney general
shall take action under section 10-06.1-24.
In addition to the divestiture requirements of sections 10-06.1-10 and 10-06.1-24, a
nonprofit organization that acquires farmland or ranchland by gift or devise after December 31,
1984, the ownership of which is not permitted under this chapter, shall divest itself of the land
within ten years after the acquisition. For purposes of this section, "ownership" means holding
either fee or equitable title, unless fee title is held solely as security for payment of the purchase
price, or unless fee title does not carry with it the right to immediate possession of the property.
If the organization fails to divest itself of the land within the required time, the attorney general
shall take action under section 10-06.1-24.
Status: in_force · Read it on the official government site
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