{"data":{"id":"us-nd/n.d.-cent.-code-41-09-45","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-09-45","heading":"(9-325) Priority of security interests in transferred collateral","body":"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:\na.The debtor acquired the collateral subject to the security interest created by the other person;\nb.The security interest created by the other person was perfected when the debtor acquired the collateral; and\nc.There is no period thereafter when the security interest is unperfected.\n2.Subsection 1 subordinates a security interest only if the security interest:\na.Otherwise would have priority solely under subsection 1 of section 41-09-42 or section 41-09-44; or\nb.Arose solely under subsection 3 of section 41-02-90 or subsection 5 of section 41-02.1-56.","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":"4ca1a85acc02f39ce60681abba84a7916bbd5d0d62c9284904d4161ae0632742","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-09-44","next":"us-nd/n.d.-cent.-code-41-09-46"},"notice":"GroundRules: Original legal text. Not legal advice."}