{"data":{"id":"us-nd/n.d.-cent.-code-41-09-15","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-09-15","heading":"(9-205) Use or disposition of collateral permissible","body":"1.A security interest is not invalid or fraudulent against creditors solely because:\na.The debtor has the right or ability to:\n(1)Use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods;\n(2)Collect, compromise, enforce, or otherwise deal with collateral;\n(3)Accept the return of collateral or make repossessions; or\n(4)Use, commingle, or dispose of proceeds; or\nb.The secured party fails to require the debtor to account for proceeds or replace collateral.\n2.This section does not relax the requirements of possession if attachment, perfection, or enforcement of a security interest depends upon possession of the collateral by the secured party.","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":"670a94e29f7c30f07a8153ff55bc5c76795f92702633a3c4b278d9c97156db97","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-09-14","next":"us-nd/n.d.-cent.-code-41-09-16"},"notice":"GroundRules: Original legal text. Not legal advice."}