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Current as of January 01, 2024 | Updated by Findlaw Staff
1. An agreement to locate property is void if:
a. Subject to subdivision b, the agreement is entered into during the period beginning on the date the property was presumed abandoned and ending twenty-four months after the payment or delivery; or
b. A provision in an agreement described in subdivision a applies to property that has not yet been abandoned and reported to the administrator, including mineral proceeds.
2. This section does not apply to an apparent owner's agreement with an attorney to pursue a claim for recovery of specifically identified property held by the administrator or to contest the administrator's denial of a claim for recovery of the property.
Cite this article: FindLaw.com - North Dakota Century Code Title 47. Property § 47-30.2-69. When agreement to locate property void - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-47-property/nd-cent-code-sect-47-30-2-69/
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 before relying on it for your legal needs.
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