This bill proposes the creation of a new section in the North Dakota Century Code that prohibits the establishment and operation of natural asset companies within the state. A natural asset company is defined as a corporation that manages ecological performance and natural resources with the intent to monetize their value. The bill outlines several restrictions, including prohibiting state or political subdivisions from selling, leasing, or otherwise engaging in business with natural asset companies, as well as forbidding the investment of public funds in such companies. Additionally, any acquisition of land or rights to land by a natural asset company is deemed void.

The legislation also establishes enforcement mechanisms, allowing the governor, attorney general, or affected individuals to file actions in district court against violations. If a violation is found, ownership of the affected land must revert to the previous owner, and the court may award attorney's fees to the plaintiff. Furthermore, the bill mandates that the secretary of state cannot accept corporate filings or amendments for natural asset companies, and any contracts made in violation of this section are considered void. Lastly, investment managers or government officials who violate these provisions are required to arrange for the immediate disposition of any prohibited investments or funds.