Definitions
N.D. Cent. Code § 32-40.1-01
in effect32-40.1-01. Definitions
As used in this chapter:
1. "Lender-owner" means any person who by virtue of foreclosure, whether by action,
advertisement, or voluntary, nonjudicial foreclosure, or upon receipts of an assignment,
bill of sale, or deed in lieu of foreclosure, becomes the owner of property.
2. "Representative" means any person acting in the capacity of a receiver, conservator,
guardian ad litem, personal representative of a deceased person, or trustee or
fiduciary of property, except a trustee or a fiduciary is limited to an entity acting as
trustee or fiduciary and which is chartered by the state banking commissioner, the
office of the United States comptroller of the currency, or the office of thrift supervision.
3. "Third party" means a person other than a governmental entity, seeking to enforce a
federal, state, or local environmental statute, ordinance, rule, permit, or order.
4. "Third-party liability" means liability to a third party for any claim arising out of or
resulting from contamination or pollution, including a claim for personal injury,
consequential damages, lost profits, exemplary damages, or property damages.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t32c40-1.pdf#nameddest=32-40p1-01Fetched: 10/16/2026