Expiration of an encumbrance.

85-04-04-06. Expiration of an encumbrance. 1. Unless otherwise stated in the encumbrance, the encumbrance expires two years from the date of issuance if the activity or construction is not fully completed on trust lands in accordance with the terms of the encumbrance. 2. An encumbrance automatically terminates without notice at the end of its term or for failure to complete an activity or construction. 3. Before the expiration of the encumbrance, the holder may apply for an amendment or extension in accordance with this chapter. History: Effective January 1, 2020; amended effective April 1, 2026. General Authority: NDCC 15-01-02, 28-32-02 Law Implemented: NDCC 15-01-02, 15-02-05, 15-05-01