North Dakota Code 41-02.1-31 – (2A-301) Enforceability of lease contract
Current as of: 2023 | Check for updates
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Except as otherwise provided in this chapter, a lease contract is effective and enforceable according to its terms between the parties against purchasers of the goods and against creditors of the parties.
Terms Used In North Dakota Code 41-02.1-31
- Contract: A legal written agreement that becomes binding when signed.
- 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