North Dakota Code 1-04-16 – Validation of oil and gas leases made by executor, administrator, or guardian prior to March 7, 1941
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A lease made for any of the purposes mentioned in section 30-13-05 and which has been executed and delivered under the authority of an order of a county court having jurisdiction, or which was approved by such court prior to March 7, 1941, is declared legal and valid.
Terms Used In North Dakota Code 1-04-16
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC