North Dakota Statutes
§ 32-16-49 — Buyouts
North Dakota § 32-16-49
This text of North Dakota § 32-16-49 (Buyouts) 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 § 32-16-49 (2026).
Text
Notwithstanding any other provision of law, if the court determines property subject to a
partition action under section 32-16-01 is held by two or more cotenants in which one or more
cotenants have an estate of inheritance, and a sale of the property is requested by one or more
cotenant or is required to avoid an inequitable partition, the court shall appoint a referee to
obtain an appraisal to determine the fair market value of the property. Upon the determination of
the fair market value of the property, the court shall notify all parties to the partition action of the
determination and amount of the appraisal. Upon receipt of the appraisal, a cotenant may
purchase all interests of cotenants requesting a sale of the property, at the appraised fair market
value of the selling cotenant's
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Nearby Sections
15
§ 32-01-01
Remedies - Classification§ 32-01-02
Action defined§ 32-01-03
Actions - Classification§ 32-01-04
Special proceeding defined§ 32-01-05
Criminal action defined§ 32-01-06
Civil action defined§ 32-01-07
Process in civil action§ 32-01-08
Civil and criminal remedies not merged§ 32-01-10
Provisional remedies classified§ 32-01-12
Conditions of relief from forfeiture§ 32-02-01
Qualifications of sureties - Personal§ 32-02-02
Exception to suretiesCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 32-16-49, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/32-16-49.