The bill amends subsection 6 of section 11-18-02.2 of the North Dakota Century Code, which pertains to exemptions from the requirement of providing statements of full consideration for certain property transactions. The amendment specifies various types of property and transactions that are exempt from this requirement, including properties owned by public utilities, personal property, sales between family members or corporate affiliates, estate settlements, forced sales, and transactions involving religious, charitable, or nonprofit organizations.

Notably, the bill removes the previous exemption for agricultural lands of less than eighty acres, indicating a shift in how smaller agricultural properties will be treated under this law. This change may impact the reporting requirements for transactions involving these smaller agricultural lands, as they will now be subject to the same rules as other property types listed in the amended section.

Statutes affected:
INTRODUCED: 11-18-02.2