ND SB2122

Creates new chapter 32-10.1 adopting the Uniform Commercial Real Estate Receivership Act, establishing standardized procedures for court-appointed receivers to manage, protect, and dispose of commercial real property during foreclosure or enforcement actions

Applies to commercial, agricultural, industrial, and mineral-extraction properties but excludes residential properties with 1-4 dwelling units unless used for business purposes or generating rental income

Establishes receiver qualifications and disqualifications, requiring submission of a statement under penalty of perjury confirming no conflicts of interest, and mandates posting of a bond conditioned on faithful discharge of duties

Grants receivers broad powers including collecting rents, operating businesses, incurring debt, transferring property with court approval, and adopting or rejecting executory contracts; requires owners to cooperate and turn over property and records

Directs a 2025-26 legislative management study to consider consolidating all receiver-related provisions across multiple chapters into a single chapter, with findings reported to the 70th Legislative Assembly