North Dakota Statutes
§ 47-03-03 — Undisposed income - Persons entitled to future interest
When, in consequence of a valid limitation of a future interest, there is a suspension of the
power of alienation or of the ownership, during the continuation of which the income is
undisposed of, and no valid direction for its accumulation is given, such income belongs to the
persons presumptively entitled to the next eventual interest.
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North Dakota § 47-03-03 (Undisposed income - Persons entitled to future interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 47-01-01
Ownership defined§ 47-01-02
Property - Classification§ 47-01-03
Real property defined§ 47-01-04
Land defined§ 47-01-05
Fixtures defined§ 47-01-06
Appurtenances defined§ 47-01-07
Personal property defined§ 47-01-08
What may be subject to ownership§ 47-01-13
Ownership of land includes water