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37 chapters · 265 sections in this title.
N.D.C.C. § 35-37-01 Definitions
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As used in this chapter: 1. "First purchaser" means the first person who purchases oil or gas from an interest owner at or after the time the oil or gas is severed. 2. "Interest owner" means a person owning an entire or fractional interest of any kind or nature in the oil or gas …
N.D.C.C. § 35-37-02 Extent of lien - Dispute as to amount due - Notice - Buyer in ordinary course of business
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1. To secure payment from the sale of oil or gas, an interest owner, subject to section 35-37-04, has a continuing security interest in and a lien on the oil or gas severed, or the proceeds of sale if the oil or gas has been sold, to the extent of the interest owner's interest un…
N.D.C.C. § 35-37-03 Validity of lien
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The validity of the security interest and lien granted to an interest owner under this chapter is not dependent upon possession of the oil or gas by an interest owner or operator and a security interest or lien does not become or may not be deemed to be void or expired by reason …
N.D.C.C. § 35-37-04 Perfection of lien - Verified notice - Effect of instruments - Effective date of lien
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1. If the proceeds for oil or gas which are required to be paid are not paid to the interest owner when due, the interest owner may perfect the security interest and lien by filing electronically a UCC-1A in the central indexing system and recording the lien in the real estate re…
