N.D. Cent. Code § 41-09-10: (9-110) Security interests arising under chapter 41-02 or 41-02.1
Where this section sits in the code
- Title 41 Uniform Commercial Code
- Chapter 41-09 Secured Transactions
A security interest arising under section 41-02-46, section 41-02-53, subsection 3 of section 41-02-90, or subsection 5 of section 41-02.1-56 is subject to this chapter. However, until the debtor obtains possession of the goods:
1.The security interest is enforceable, even if subdivision c of subsection 2 of section 41-09-13 has not been satisfied;
2.Filing is not required to perfect the security interest;
3.The rights of the secured party after default by the debtor are governed by chapter 41-02 or 41-02.1; and
4.The security interest has priority over a conflicting security interest created by the debtor.
Collected 2026-09-02T21:04:14Z. Source file · JSON