North Dakota Code 40-33.1-01 – Definitions
In this chapter, unless the context or subject matter otherwise requires:
Terms Used In North Dakota Code 40-33.1-01
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Property: includes property, real and personal. See North Dakota Code 1-01-49
1. “Authority” means any corporation created under the authority of this chapter.
2. “Board” means the members of the authority.
3. “City” means any city with a municipal steam heating authority.
4. “Project” means any area or place operated or to be operated by an authority for the making or producing of steam, and includes, without being limited to, all real and personal property, boilers, furnaces, storage vessels, meters, mechanical equipment, and all appurtenances and facilities either on, above, or under the ground which are used in connection with the making or transporting of steam.
5. “Projects” means more than one project.
6. “Property owner” means either a real estate owner or the beneficial owner of a leasehold on a building constructed on railroad property.
7. “Real property” means lands, structures, franchises, and interest in lands, and any and all things usually included within the said term, and includes not only fees simple absolute but also any and all lesser interests, such as easements, rights of way, uses, leases, licenses, and all other incorporeal hereditaments and every estate, interest, or right, legal or equitable, including terms of years.