Statutes, codes, and regulations
North Dakota Century Code
Title 47 - PROPERTY
Chapter 47-03 - ACCUMULATIONS OF PROPERTY
Section 47-03-03 - Undisposed income - Persons entitled to future interest

N.D. Cent. Code § 47-03-03

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Current through 2024 Legislative Session
Section 47-03-03 - Undisposed income - Persons entitled to future interest

When, in consequence of a valid limitation of a future interest, there is a suspension of the power of alienation or of the ownership, during the continuation of which the income is undisposed of, and no valid direction for its accumulation is given, such income belongs to the persons presumptively entitled to the next eventual interest.

N.D.C.C. § 47-03-03