North Dakota Statutes
§ 15-07-10 — Mortgagor has right to repurchase
If any mortgagor or a member of the mortgagor's immediate family, including a father,
mother, son, daughter, brother, sister, or spouse, desires to repurchase land lost through
foreclosure or by a deed given in lieu of foreclosure, such repurchase may be made by
matching the highest bid within one hour after public sale. The terms and conditions of any sale
under this section must be established by the board of university and school lands, consistent
with this title and the fiduciary responsibilities of the board.
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Related
Lang v. Bank of North Dakota
423 N.W.2d 501 (North Dakota Supreme Court, 1988)
Nearby Sections
15
§ 15-01-01
Board - Membership - Officers§ 15-01-03
Meetings of board - Quorum§ 15-01-04
Record of meeting§ 15-02-02
Term of office - Vacancy§ 15-02-03
Commissioner - Salary§ 15-02-04
Deputy commissioner - Appointment - Oath§ 15-02-05
Powers and duties in general§ 15-02-05.1
Additional duties of commissioner§ 15-02-05.2
Administrator of abandoned property - Employment