North Dakota § 47-33-02 Prohibition on private transfer fee obligation

North Dakota Statutes

§ 47-33-02 — Prohibition on private transfer fee obligation

North Dakota·Title 47 Property·Ch. 47-33 Private Transfer Fee Obligation Prohibition

A private transfer fee obligation recorded or entered in this state on or after August 1, 2011,
does not run with the title to real property and is not binding on or enforceable at law or in equity
against any subsequent owner, purchaser, or mortgagee of any interest in real property as an
equitable servitude or otherwise. Any private transfer fee obligation that is recorded or entered
in this state on or after August 1, 2011, is void and unenforceable. This section does not mean
that a private transfer fee obligation recorded or entered in this state before August 1, 2011, is
presumed valid and enforceable.

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A private transfer fee obligation recorded or entered in this state on or after August 1, 2011,
does not run with the title to real property and is not binding on or enforceable at law or in equity
against any subsequent owner, purchaser, or mortgagee of any interest in real property as an
equitable servitude or otherwise. Any private transfer fee obligation that is recorded or entered
in this state on or after August 1, 2011, is void and unenforceable. This section does not mean
that a private transfer fee obligation recorded or entered in this state before August 1, 2011, is
presumed valid and enforceable.

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