The bill amends subsection 6 of section 11-18-02.2 of the North Dakota Century Code, which outlines exceptions to the requirement for statements of full consideration in property transactions. The revised language specifies that the section does not apply to various types of property transfers, including those involving public utilities, personal property, family or corporate affiliate transactions, estate settlements, forced sales, and transfers to or from religious, charitable, or nonprofit organizations.

Notably, the bill deletes the previous exception for agricultural lands of less than eighty acres, thereby including these smaller agricultural properties under the requirement for statements of full consideration. This change aims to ensure that all property transactions, regardless of size, are subject to the same disclosure standards.

Statutes affected:
INTRODUCED: 11-18-02.2
Enrollment: 11-18-02.2