North Dakota Code 6-09.12-01 – Definitions
Current as of: 2023 | Check for updates
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In this chapter, unless the context otherwise requires:
Terms Used In North Dakota Code 6-09.12-01
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
1. “Developer” means a resident of this state or a corporation generating fifty percent or more of its income within this state.
2. “Oil and gas development” means oil and gas well reworking operations; oil and gas well recompletion operations; oil and gas enhanced recovery operations, including secondary and tertiary recovery operations; and purchase of producing oil and gas wells.
3. “Oil and gas development project” means a project financed under this chapter.