N.D. Cent. Code § 10-06.1-11
Current through 2023 Legislative Sessions
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.
N.D.C.C. § 10-06.1-11