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 § 10-34-08

Title 10Corporations

Ch. 10-34Real Estate Investment Trusts

This text of North Dakota § 10-34-08 (Restrictions on investments and use - Ownership of farmland prohibited) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 10-34-08 (2026).

Text

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.