N.D. Cent. Code § 30.1-32.1-09

Current through 2024 Legislative Session

Section 30.1-32.1-09 - Effect of transfer on death deed during transferor's life

During a transferor's life, a transfer on death deed does not:

1. Affect an interest or right of the transferor or any other owner, including the right to transfer or encumber the property;

2. Affect an interest or right of a transferee, even if the transferee has actual or constructive notice of the deed;

3. Affect an interest or right of a secured or unsecured creditor or future creditor of the transferor, even if the creditor has actual or constructive notice of the deed;

4. Affect the transferor's or designated beneficiary's eligibility for any form of public assistance;

5. Create a legal or equitable interest in favor of the designated beneficiary; or

6. Subject the property to claims or process of a creditor of the designated beneficiary.

N.D.C.C. § 30.1-32.1-09

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