Restrictions on investments and use - Ownership of farmland prohibited

N.D. Cent. Code § 10-34-08
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
10-34-08. Restrictions on investments and use - Ownership of farmland prohibited 1. A real estate trust shall hold at least seventy-five percent of the value of its assets in real estate assets, government securities, cash, and cash items, including receivables. 2. A real estate investment trust, whether domestic or foreign, may not own, use, or apply land within this state for farming or ranching as defined in section 10-06.1-01. A violation of this subsection is deemed a violation of chapter 10-06.1. A real estate investment trust is subject to chapter 10-06.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t10c34.pdf#nameddest=10-34-08Fetched: 10/16/2026

Starting a business in North Dakota? North Dakota LLC guide: costs and requirements

N.D. Cent. Code § 10-34-08 — Restrictions on investments and use - Ownership of farmland prohibited | North Dakota Century Code (Aug. 2026 snapshot) | Corpus