North Dakota § 32-19.2-03 Termination and accounting

North Dakota Statutes

§ 32-19.2-03 — Termination and accounting

North Dakota § 32-19.2-03

Title 32Judicial Remedies

Ch. 32-19.2Trustees for Commercial Buildings During Foreclosures

This text of North Dakota § 32-19.2-03 (Termination and accounting) 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 § 32-19.2-03 (2026).

Text

The appointment of a trustee continues until:

1.The expiration of the period of redemption;

2.The redemption of the premises by the mortgagor or contract vendee;

3.The voluntary dismissal of the foreclosure or cancellation action; or

4.Removal of the trustee by the court. Within thirty days after the termination of appointment, the trustee shall file with the court a report of the trustee's activities and all receipts and expenditures, and shall serve a copy on the mortgagor or the vendee by certified or registered mail, an affidavit of service by mail being competent proof thereof. The trustee's account becomes final unless objected to within thirty days from the date of mailing to the mortgagor or contract vendee.

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The appointment of a trustee continues until:
1. The expiration of the period of redemption;
2. The redemption of the premises by the mortgagor or contract vendee;
3. The voluntary dismissal of the foreclosure or cancellation action; or
4. Removal of the trustee by the court.
Within thirty days after the termination of appointment, the trustee shall file with the court a
report of the trustee's activities and all receipts and expenditures, and shall serve a copy on the
mortgagor or the vendee by certified or registered mail, an affidavit of service by mail being
competent proof thereof. The trustee's account becomes final unless objected to within thirty
days from the date of mailing to the mortgagor or contract vendee.