North Dakota Code 47-19-43 – Purchaser defined
Current as of: 2023 | Check for updates
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The word “purchaser” as used in section 47-19-41 shall include every person to whom any estate or interest in real estate is conveyed for a valuable consideration, and also every assignee of a mortgage, lease, or other conditional estate.
Terms Used In North Dakota Code 47-19-43
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49