{"data":{"id":"us-nd/n.d.-cent.-code-41-09-51","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-09-51","heading":"(9-331) Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments, and securities under other articles - Priority of interests in financial assets and security entitlements and protection against assertion of claim under chapters 41-08 and 41-12","body":"1.This chapter does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, a protected purchaser of a security, or a qualifying purchaser of a controllable account, controllable electronic record, or controllable payment intangible. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in chapters 41-03, 41-07, 41-08, and 41-12.\n2.This chapter does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under chapters 41-08 and 41-12.\n3.Filing under this chapter does not constitute notice of a claim or defense to the holders, purchasers, or persons described in subsections 1 and 2.","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":"c9bf21fb22296c03b31f19e6153782ecaa0fff2caa5621fd6c4a8cd3c8b3c0fe","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-09-50","next":"us-nd/n.d.-cent.-code-41-09-52"},"notice":"GroundRules: Original legal text. Not legal advice."}