{"data":{"id":"us-nd/n.d.-cent.-code-41-09-108","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-09-108","heading":"(9-611) Notification before disposition of collateral","body":"1.In this section, \"notification date\" means the earlier of the date on which:\na.A secured party sends to the debtor and any secondary obligor a signed notification of disposition; or\nb.The debtor and any secondary obligor waive the right to notification.\n2.Except as otherwise provided in subsection 4, a secured party that disposes of collateral under section 41-09-107 shall send to the persons specified in subsection 3 a reasonable signed notification of disposition.\n3.To comply with subsection 2, the secured party shall send a signed notification of disposition to:\na.The debtor;\nb.Any secondary obligor;\nc.Any other person from which the secured party has received, before the notification date, a signed notification of a claim of an interest in the collateral;\nd.Any other secured party or lienholder that, ten days before the notification date, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:\n(1)Identified the collateral;\n(2)Was indexed under the debtor's name as of that date; and\n(3)Was filed in the office in which to file a financing statement against the debtor covering the collateral as of that date; and\ne.Any other secured party that, ten days before the notification date, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in subsection 1 of section 41-09-31.\n4.Subsection 2 does not apply if the collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market.\n5.A secured party complies with the requirements for notification prescribed by paragraph 2 of subdivision c of subsection 3 if:\na.Not later than twenty days or earlier than thirty days before the notification date, the secured party requests, in a commercially reasonable manner, information concerning financing statements indexed under the debtor's name in the office indicated in paragraph 2 of subdivision c of subsection 3; and\nb.Before the notification date, the secured party:\n(1)Did not receive a response to the request for information; or\n(2)Received a response to the request for information and sent a signed notification of disposition to each secured party or other lienholder named in that response whose financing statement covered the collateral.","path":["Title 41 Uniform Commercial Code","Chapter 41-09 Secured Transactions"],"source_url":"https://ndlegis.gov/cencode/t41c09.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"c25bdd41881f8ada8ca43e71cc33115a3a9bd50360ccd3f98a719fc6c6a1acc1","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-09-107","next":"us-nd/n.d.-cent.-code-41-09-109"},"notice":"GroundRules: Original legal text. Not legal advice."}