North Dakota Code 47-30.2-69 – (1302) When agreement to locate property void
Current as of: 2023 | Check for updates
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1. An agreement to locate property is void if:
Terms Used In North Dakota Code 47-30.2-69
- Property: includes property, real and personal. See North Dakota Code 1-01-49
a. Subject to subdivision b, the agreement is entered into during the period beginning on the date the property was presumed abandoned and ending twenty- four months after the payment or delivery; or
b. A provision in an agreement described in subdivision a applies to property that has not yet been abandoned and reported to the administrator, including mineral proceeds.
2. This section does not apply to an apparent owner’s agreement with an attorney to pursue a claim for recovery of specifically identified property held by the administrator or to contest the administrator’s denial of a claim for recovery of the property.