N.D. Cent. Code § 41-09-26.2: (9-306B) Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles
Where this section sits in the code
- Title 41 Uniform Commercial Code
- Chapter 41-09 Secured Transactions
1.Except as provided in subsection 2, the local law of the controllable electronic record's jurisdiction specified in subsections 3 and 4 of section 41-12-07 governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record.
2.The local law of the jurisdiction in which the debtor is located governs:
a.Perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and
b.Automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.
Collected 2026-09-02T21:04:14Z. Source file · JSON