{"data":{"id":"us-nd/n.d.-cent.-code-41-09-113","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-09-113","heading":"(9-618) Rights and duties of certain secondary obligors","body":"1.A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:\na.Receives an assignment of a secured obligation from the secured party;\nb.Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or\nc.Is subrogated to the rights of a secured party with respect to collateral.\n2.An assignment, transfer, or subrogation described in subsection 1:\na.Is not a disposition of collateral under section 41-09-107; and\nb.Relieves the secured party of further duties under this chapter.","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":"e6ab73b398436a0dbf8c49f8551123c8881c6a4dff914ef45994705594f1611f","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-09-112","next":"us-nd/n.d.-cent.-code-41-09-114"},"notice":"GroundRules: Original legal text. Not legal advice."}