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North Dakota · Through 2026-07-31T11:12:02

N.D. Cent. Code § 41-09-29: (9-309) Security interest perfected upon attachment

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Where this section sits in the code
  1. Title 41 Uniform Commercial Code
  2. Chapter 41-09 Secured Transactions

The following security interests are perfected when they attach:

1.A purchase-money security interest in consumer goods, except as otherwise provided in subsection 2 of section 41-09-31 with respect to consumer goods that are subject to a statute or treaty described in subsection 1 of section 41-09-31;

2.An assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles;

3.A sale of a payment intangible;

4.A sale of a promissory note;

5.A security interest created by the assignment of a health care insurance receivable to the provider of the health care goods or services;

6.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, until the debtor obtains possession of the collateral;

7.A security interest of a collecting bank arising under section 41-04-22;

8.A security interest of an issuer or nominated person arising under section 41-05-18;

9.A security interest arising in the delivery of a financial asset under subsection 3 of section 41-09-16;

10.A security interest in investment property created by a broker or securities intermediary;

11.A security interest in a commodity contract or a commodity account created by a commodity intermediary;

12.An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder;

13.A security interest created by an assignment of a beneficial interest in a decedent's estate; and

14.A sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.

Collected 2026-09-02T21:04:14Z. Source file · JSON

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