North Dakota § 10-34-08 Restrictions on investments and use - Ownership of farmland prohibited

North Dakota Statutes

§ 10-34-08 — Restrictions on investments and use - Ownership of farmland prohibited

North Dakota·Title 10 Corporations·Ch. 10-34 Real Estate Investment Trusts

1.A real estate trust shall hold at least seventy-five percent of the value of its assets in real estate assets, government securities, cash, and cash items, including receivables.

2.A real estate investment trust, whether domestic or foreign, may not own, use, or apply land within this state for farming or ranching as defined in section 10-06.1-01. A violation of this subsection is deemed a violation of chapter 10-06.1. A real estate investment trust is subject to chapter 10-06.1.

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1. A real estate trust shall hold at least seventy-five percent of the value of its assets in
real estate assets, government securities, cash, and cash items, including receivables.
2. A real estate investment trust, whether domestic or foreign, may not own, use, or apply
land within this state for farming or ranching as defined in section 10-06.1-01. A
violation of this subsection is deemed a violation of chapter 10-06.1. A real estate
investment trust is subject to chapter 10-06.1.

North Dakota § 10-34-08 (Restrictions on investments and use - Ownership of farmland prohibited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.