North Dakota Code > Chapter 15-07 – Sale and Lease of Nongrant Lands


§ 15-07-01	Definitions
§ 15-07-02	Rules and regulations for sale of nongrant lands – Powers of board
§ 15-07-03	Sale of nongrant lands authorized
§ 15-07-04	Sale requirements
§ 15-07-07	Conveyance to purchaser upon payment in full of purchase price
§ 15-07-07.1	Former conveyances confirmed
§ 15-07-10	Mortgagor has right to repurchase
§ 15-07-20	Leasing of nongrant lands
§ 15-07-21	Cancellation of leases of nongrant lands
§ 15-07-22	Appropriation for expenses – Continuing appropriation

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Appraisal: A determination of property value.
Contract: A legal written agreement that becomes binding when signed.
Deed: The legal instrument used to transfer title in real property from one person to another.
Fiduciary: A trustee, executor, or administrator.
Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
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}
Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
seal: includes an impression of such seal upon the paper alone as well as upon wax or a wafer affixed thereto. See North Dakota Code 1-01-38
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