North Dakota Century Code Title 47. Property § 47-20.2-04. Federal and state coordinate description same tract--Federal precedence
Current as of January 01, 2020 | Updated by FindLaw Staff
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
1. The validity of a transfer made in a manner prescribed in this chapter is not affected by:
a. Failure of the transferor to comply with subsection 3 of section 47-24.1-09 concerning possession and control;
b. Designation of an ineligible custodian, except designation of the transferor in the case of property for which the transferor is ineligible to serve as custodian under subsection 1 of section 47-24.1-09; or
c. Death or incapacity of a person nominated under section 47-24.1-03 or designated under section 47-24.1-09 as custodian or the disclaimer of the office by that person.
2. A transfer made pursuant to section 47-24.1-09 is irrevocable, and the custodial property is indefeasibly vested in the minor, but the custodian has all the rights, powers, duties, and authority provided in this chapter, and neither the minor nor the minor's legal representative has any right, power, duty, or authority with respect to the custodial property except as provided in this chapter.
3. By making a transfer, the transferor incorporates in the disposition all the provisions of this chapter, and grants to the custodian, and to any third person dealing with a person designated as custodian, the respective powers, rights, and immunities provided in this chapter.
Cite this article: FindLaw.com - North Dakota Century Code Title 47. Property § 47-20.2-04. Federal and state coordinate description same tract--Federal precedence - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-47-property/nd-cent-code-sect-47-20-2-04.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?