law

Subdivided Lands Disposition Act (North Dakota)

NDCC chapter 43-23.1, administered by the Real Estate Commission, governing the registration and sale in North Dakota of out-of-state subdivided land. The application includes a title statement dated within 30 days, a promotional plan and a proposed public offering statement, with a $100 fee; the Commission must register or reject within 90 days. Ads may not claim Commission approval. A sale violating the act is voidable by the purchaser, and a willful violation is a class C felony.