N.D. Cent. Code § 9-13-10: How novation made

Novation is made by the substitution of:

1.A new obligation between the same parties with intent to extinguish the old obligation;

2.A new debtor in the place of the old one with intent to release the latter; or

3.A new creditor in place of the old one with intent to transfer the rights of the latter to the former.