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Current as of January 01, 2024 | Updated by FindLaw Staff
A private transfer fee obligation recorded or entered in this state on or after August 1, 2011, does not run with the title to real property and is not binding on or enforceable at law or in equity against any subsequent owner, purchaser, or mortgagee of any interest in real property as an equitable servitude or otherwise. Any private transfer fee obligation that is recorded or entered in this state on or after August 1, 2011, is void and unenforceable. This section does not mean that a private transfer fee obligation recorded or entered in this state before August 1, 2011, is presumed valid and enforceable.
Cite this article: FindLaw.com - North Dakota Century Code Title 47. Property § 47-33-02. Prohibition on private transfer fee obligation - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-47-property/nd-cent-code-sect-47-33-02/
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.
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