A BILL for an Act to amend and reenact subsection 6 of section 11-18-02.2 of the North Dakota Century Code, relating to exceptions for providing statements of full consideration.

HB 1271 would amend a North Dakota law to expand exceptions for when property deeds do not require a "statement of full consideration" (a document detailing the transaction's value). It specifically adds exemptions for sales involving agricultural lands under 80 acres, family or corporate affiliate transactions, estate settlements, forced sales, and nonprofit organization transfers. This change would directly affect property sellers and buyers in these specific transaction types by reducing administrative paperwork. The bill aims to streamline property transfers for these common scenarios without requiring additional documentation. (Note: The bill failed to pass in committee and on the floor.)