North Dakota Code 35-37-05 – Rights of first purchasers
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Neither this chapter nor the filing of a lien permitted under this chapter affects the time at which legal title to the oil and gas may pass from an interest owner or operator to a first purchaser or the ownership of the oil and gas before severed as reflected by the records affecting real property or the right of a first purchaser to take or receive oil and gas under the terms of a division order or similar agreement for the sale and purchase of oil or gas. Notwithstanding this chapter, a first purchaser or purchaser is free to transport products out of the state and to sell the products without permission or release of lien.
Terms Used In North Dakota Code 35-37-05
- Lien: A claim against real or personal property in satisfaction of a debt.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- 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