All lands to be purchased or exchanged under authority of this chapter must be appraised by the existing appraisal agencies of the parties to the contract and in all cases when there are no such appraisal agencies the board of county commissioners shall determine the value thereof. In no case may lands be purchased for more than their appraised value, nor may any lands owned by the state or the several counties be exchanged except for lands of an equal appraised value.
N.D. Cent. Code § 55-04-02
Appraisal of lands - Price may not exceed appraised value
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.