North Dakota Code > Chapter 15-72 – Coal Mine Reclamation Trust
Current as of: 2023 | Check for updates
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Other versions
| § 15-72-01 | Trust establishment |
| § 15-72-02 | Powers and duties of the board – Transfer |
| § 15-72-03 | Assets and custody |
| § 15-72-04 | Trust management |
| § 15-72-05 | Continuing appropriation for trust management |
Terms Used In North Dakota Code > Chapter 15-72 - Coal Mine Reclamation Trust
- Appraisal: A determination of property value.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49