N.D. Cent. Code § 10-34-08
This is the official text of N.D. Cent. Code § 10-34-08, 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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10-34-08. Restrictions on investments and use - Ownership of farmland prohibited
Official statutory text
10-34-08. Restrictions on investments and use - Ownership of farmland prohibited
1. A real estate trust shall hold at least seventy-five percent of the value of its assets in
real estate assets, government securities, cash, and cash items, including receivables.
2. A real estate investment trust, whether domestic or foreign, may not own, use, or apply
land within this state for farming or ranching as defined in section 10-06.1-01. A
violation of this subsection is deemed a violation of chapter 10-06.1. A real estate
investment trust is subject to chapter 10-06.1.
1. A real estate trust shall hold at least seventy-five percent of the value of its assets in
real estate assets, government securities, cash, and cash items, including receivables.
2. A real estate investment trust, whether domestic or foreign, may not own, use, or apply
land within this state for farming or ranching as defined in section 10-06.1-01. A
violation of this subsection is deemed a violation of chapter 10-06.1. A real estate
investment trust is subject to chapter 10-06.1.
Status: in_force · Read it on the official government site
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