Title 32 — Judicial Remedies
69 chapters · 746 sections in this title.
N.D.C.C. § 32-19.2-01 Appointment of trustee
0.5K chars
On application of the mortgagee or contract for deed vendor, in any action for the foreclosure of a real estate mortgage or for cancellation of a contract for deed upon any commercial building, including apartments of two or more units, the court, upon ten days' notice to the mor…
N.D.C.C. § 32-19.2-02 Authority and duties of trustee
0.3K chars
The trustee shall: 1. Take possession of the premises. 2. Pay, to the extent funds are available, all utilities, taxes, insurance, and expenses of maintenance and operation. 3. Receive the rentals from tenants. 4. Remove tenants for nonpayment of rent or for any other cause permi…
N.D.C.C. § 32-19.2-03 Termination and accounting
0.7K chars
The appointment of a trustee continues until: 1. The expiration of the period of redemption; 2. The redemption of the premises by the mortgagor or contract vendee; 3. The voluntary dismissal of the foreclosure or cancellation action; or 4. Removal of the trustee by the court. Wit…
N.D.C.C. § 32-19.2-04 Compensation of trustee and distribution of funds
0.4K chars
Upon the trustee's account becoming final, the trustee shall pay all remaining funds, less the trustee's fee and expenses, to the mortgagor or contract vendee or to such other person as may be otherwise provided by law. The trustee is entitled to a fee as set by the court. All ex…
N.D.C.C. § 32-19.2-05 Applicability
0.1K chars
This chapter does not apply to a commercial real estate receivership under chapter 32-10.1.