N.D. Cent. Code § 41-09-45: (9-325) Priority of security interests in transferred collateral

1.Except as otherwise provided in subsection 2, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:

a.The debtor acquired the collateral subject to the security interest created by the other person;

b.The security interest created by the other person was perfected when the debtor acquired the collateral; and

c.There is no period thereafter when the security interest is unperfected.

2.Subsection 1 subordinates a security interest only if the security interest:

a.Otherwise would have priority solely under subsection 1 of section 41-09-42 or section 41-09-44; or

b.Arose solely under subsection 3 of section 41-02-90 or subsection 5 of section 41-02.1-56.