19 chapters · 268 sections in this title.
N.D.C.C. § 13-02.1-01 Definitions
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As used in this chapter: 1. "Affiliate" means: a. A person that directly or indirectly owns, controls, or holds with power to vote, twenty percent or more of the outstanding voting securities of the debtor, other than a person that holds the securities; (1) As a fiduciary or agen…
N.D.C.C. § 13-02.1-02 Insolvency
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1. A debtor is insolvent if, at a fair valuation, the sum of the debtor's debts is greater than the sum of the debtor's assets. 2. A debtor that is generally not paying the debtor's debts as they become due other than as a result of a bona fide dispute is presumed to be insolvent…
N.D.C.C. § 13-02.1-03 Value
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1. Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent debt is secured or satisfied, but value does not include an unperformed promise made otherwise than in the ordinary course of the promisor's …
N.D.C.C. § 13-02.1-04 Transfer or obligation voidable as to present or future creditor
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1. A transfer made or obligation incurred by a debtor is voidable as to a creditor, whether the creditor's claim arose before or after the transfer was made or the obligation was incurred, if the debtor made the transfer or incurred the obligation: a. With actual intent to hinder…