N.D. Cent. Code § 30.1-32.1-01

Current through 2024 Legislative Session

Section 30.1-32.1-01 - Definitions

In this chapter:

1. "Beneficiary" means a person that receives property under a transfer on death deed.

2. "Designated beneficiary" means a person designated to receive property in a transfer on death deed.

3. "Joint owner" means an individual who owns property concurrently with one or more other individuals with a right of survivorship. The term includes a joint tenant and tenant by the entirety. The term does not include a tenant in common.

4. "Property" means an interest in real property located in this state which is transferable on the death of the owner.

5. "Transfer on death deed" means a deed authorized under this chapter.

6. "Transferor" means an individual who makes a transfer on death deed.

N.D.C.C. § 30.1-32.1-01

Added by S.L. 2011, ch. 241 (HB 1138),§ 3, eff. 8/1/2011.