North Dakota Code 10-34-01 – Definitions
Current as of: 2023 | Check for updates
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In this chapter, unless the content otherwise requires:
Terms Used In North Dakota Code 10-34-01
- 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
1. “Real estate investment trust” means an unincorporated trust or association formed under this chapter under which property is acquired, held, managed, administered, controlled, invested, or disposed of by trustees for the benefit and profit of any person who may become a shareholder.
2. “Share” means a transferable unit of beneficial interest in a real estate investment trust.