™Your Policy Risk Impact Agent
9 chapters · 40 sections in this title.
N.D.C.C. § 17-04-01 Wind option agreement - Definition - Termination
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1. A wind option agreement is a contract in which the owner of property gives another the right to produce energy from wind power on that property at a fixed price within a time period not to exceed five years on agreed terms. 2. A wind option agreement is void and terminates if …
N.D.C.C. § 17-04-02 Wind easement - Definition
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For purposes of sections 17-04-03 and 17-04-04, the term wind easement means a right, whether stated in the form of a restriction, easement, covenant, or condition, in a deed, will, or other instrument executed by or on behalf of an owner of land or airspace for the purpose of en…
N.D.C.C. § 17-04-03 Wind easements - Creation - Term - Development required
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1. A property owner may grant a wind easement in the same manner and with the same effect as the conveyance of an interest in real property. 2. The easement runs with the land benefited and burdened and terminates upon the conditions stated in the easement, however: a. The easeme…
N.D.C.C. § 17-04-04 Severance of wind energy rights limited
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Except for a wind easement created under section 17-04-03 and as otherwise provided in this section, an interest in a resource located on a tract of land and associated with the production of energy for wind power on the tract of land may not be severed from the surface estate. H…
