If a mortgagee or lienholder of lands which are covered by a contract executed under the provisions of section 50-17-07 fails to object to such contract by serving a written notice of such objection upon the conservation commission within four weeks after the recorder has mailed the copy of the contract to the mortgagee or lienholder, the mortgagee or lienholder must be deemed conclusively to have assented to such agreement.

Terms Used In North Dakota Code 50-17-09

  • Contract: A legal written agreement that becomes binding when signed.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • written: include "typewriting" and "typewritten" and "printing" and "printed" except in the case of signatures and when the words are used by way of contrast to typewriting and printing. See North Dakota Code 1-01-37

                                    

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