47-03 Accumulations of Property - North Dakota Statutes

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CHAPTER 47-03ACCUMULATIONS OF PROPERTY47-03-01. Income defined. The income of property, as the term is used in this title,includes the rents and profits of real property, the interest of money, dividends upon stock, and
other produce of personal property.47-03-02. Income from future interests - Dispositions. Dispositions of the income ofproperty to accrue and to be received at any time subsequent to the execution of the instrument
creating such dispositions are governed by the rules prescribed in this title in relation to future
interests.47-03-03.Undisposed income - Persons entitled to future interest.When, inconsequence of a valid limitation of a future interest, there is a suspension of the power of
alienation or of the ownership, during the continuation of which the income is undisposed of, and
no valid direction for its accumulation is given, such income belongs to the persons
presumptively entitled to the next eventual interest.47-03-04. Accumulation of income - How directed. Repealed by S.L. 1959, ch. 330,