N.D. Cent. Code § 32-19.2-03

Current through 2023 Legislative Sessions

Section 32-19.2-03 - Termination and accounting

The appointment of a trustee continues until:

1. The expiration of the period of redemption;

2. The redemption of the premises by the mortgagor or contract vendee;

3. The voluntary dismissal of the foreclosure or cancellation action; or

4. Removal of the trustee by the court.

Within thirty days after the termination of appointment, the trustee shall file with the court a report of the trustee's activities and all receipts and expenditures, and shall serve a copy on the mortgagor or the vendee by certified or registered mail, an affidavit of service by mail being competent proof thereof. The trustee's account becomes final unless objected to within thirty days from the date of mailing to the mortgagor or contract vendee.

N.D.C.C. § 32-19.2-03