North Dakota Century Code Title 47. Property § 47-30.2-39. Periods of limitation and repose

1. Expiration before, on, or after July 1, 2021, of a period of limitation on an owner's right to receive or recover property, whether specified by contract, statute, or court order, does not prevent the property from being presumed abandoned or affect the duty of a holder under this chapter to file a report or pay or deliver property to the administrator.

2. The administrator may not commence an action or proceeding to enforce this chapter with respect to the reporting, payment, or delivery of property more than seven years after the holder filed a nonfraudulent report under section 47-30.2-21 with the administrator. The parties may agree in a record to extend the limitation in this subsection.

3. The administrator may not commence an action, proceeding, or examination with respect to a duty of a holder under this chapter more than ten years after the duty arose.

4. The periods of limitation established by this section are tolled by the earlier of the administrator's delivery of a notice that a holder is subject to an examination or the delivery of notice of authorization to voluntarily disclose property subject to this chapter under section 47-30.2-55.