North Dakota Code 38-10-02 – Personal representative may lease for production or sell mineral or oil rights in lands of estate
Current as of: 2023 | Check for updates
|
Other versions
A personal representative, upon compliance with the provisions of this chapter, may give a lease for production covering real property in the estate or may sell the oil, gas, or minerals in or under such real property separately from the surface rights.
Terms Used In North Dakota Code 38-10-02
- 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
- 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.