North Dakota Code 35-06-05 – Pledge by apparent owner – Effect – Estoppel of actual owner
Current as of: 2023 | Check for updates
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One who has allowed another to assume the apparent ownership of property for the purpose of making any transfer of it cannot set up that person‘s own title to defeat a pledge of the property made by the other to a pledgee who received the property in good faith in the ordinary course of business and for value.
Terms Used In North Dakota Code 35-06-05
- 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