§ 30.1-31-01 (6-101) Nonprobate transfers on death
§ 30.1-31-02 (6-201) Definitions
§ 30.1-31-03 (6-202) Limitation on scope of sections 30.1-31-02 through 30.1-31-20
§ 30.1-31-04 (6-203) Types of account – Existing accounts
§ 30.1-31-05 (6-204) Forms
§ 30.1-31-06 (6-205) Designation of agent
§ 30.1-31-07 (6-206) Applicability of sections 30.1-31-02 through 30.1-31-20
§ 30.1-31-08 (6-211) Ownership during lifetime
§ 30.1-31-09 (6-212) Rights at death
§ 30.1-31-10 (6-213) Alteration of rights
§ 30.1-31-11 (6-214) Accounts and transfers nontestamentary
§ 30.1-31-12 (6-215) Rights of creditors and others
§ 30.1-31-13 (6-216) Community property and tenancy by the entireties
§ 30.1-31-14 (6-221) Authority of financial institution
§ 30.1-31-15 (6-222) Payment on multiple-party account
§ 30.1-31-16 (6-223) Payment on P.O.D
§ 30.1-31-17 (6-224) Payment to designated agent
§ 30.1-31-18 (6-225) Payment to minor
§ 30.1-31-19 (6-226) Discharge
§ 30.1-31-20 (6-227) Setoff
§ 30.1-31-21 (6-301) Definitions
§ 30.1-31-22 (6-302) Registration in beneficiary form – Sole or joint tenancy ownership
§ 30.1-31-23 (6-303) Registration in beneficiary form – Applicable law
§ 30.1-31-24 (6-304) Origination of registration in beneficiary form
§ 30.1-31-25 (6-305) Form of registration in beneficiary form
§ 30.1-31-26 (6-306) Effect of registration in beneficiary form
§ 30.1-31-27 (6-307) Ownership on death of owner
§ 30.1-31-28 (6-308) Protection of registering entity
§ 30.1-31-29 (6-309) Nontestamentary transfer on death
§ 30.1-31-30 (6-310) Terms, conditions, and forms for registration

Terms Used In North Dakota Code > Chapter 30.1-31

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • children: includes children by birth and by adoption. See North Dakota Code 1-01-18
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Individual: means a human being. See North Dakota Code 1-01-49
  • Intestate: Dying without leaving a will.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Organization: includes a foreign or domestic association, business trust, corporation, enterprise, estate, joint venture, limited liability company, limited liability partnership, limited partnership, partnership, trust, or any legal or commercial entity. See North Dakota Code 1-01-49
  • Partnership: includes a limited liability partnership registered under chapter 45-22. See North Dakota Code 1-01-49
  • Per stirpes: The legal means by which the children of a decedent, upon the death of an ancestor at a level above that of the decedent, receive by right of representation the share of the ancestor
  • Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Process: means a writ or summons issued in the course of judicial proceedings. See North Dakota Code 1-01-49
  • Property: includes property, real and personal. See North Dakota Code 1-01-49
  • Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
  • Sole ownership: The type of property ownership in which one individual holds legal title to the property and has full control of it.
  • 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
  • Statute: A law passed by a legislature.
  • Tenancy in common: A type of property ownership in which two or more individuals have an undivided interest in property. At the death of one tenant in common, his (her) fractional percentage of ownership in the property passes to the decedent
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.
  • 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
  • year: means twelve consecutive months. See North Dakota Code 1-01-33