North Dakota Code 30.1-32.1-01 – Definitions
Current as of: 2023 | Check for updates
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In this chapter:
Terms Used In North Dakota Code 30.1-32.1-01
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Individual: means a human being. See North Dakota Code 1-01-49
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
- 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. “Beneficiary” means a person that receives property under a transfer on death deed.
2. “Designated beneficiary” means a person designated to receive property in a transfer on death deed.
3. “Joint owner” means an individual who owns property concurrently with one or more other individuals with a right of survivorship. The term includes a joint tenant and tenant by the entirety. The term does not include a tenant in common.
4. “Property” means an interest in real property located in this state which is transferable on the death of the owner.
5. “Transfer on death deed” means a deed authorized under this chapter.
6. “Transferor” means an individual who makes a transfer on death deed.