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 amendment specifies that the section does not apply to various types of property transfers, including those involving public utilities, personal property, family or corporate affiliate sales, estate settlements, forced sales, and transactions involving religious, charitable, or nonprofit organizations.

Notably, the bill removes the previous exception for agricultural lands of less than eighty acres, thereby including these transactions under the requirement for statements of full consideration. This change aims to ensure greater transparency in property transactions involving smaller agricultural lands.

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