North Dakota § 41-08-52 (8-603) Savings clause

North Dakota Statutes

§ 41-08-52 — (8-603) Savings clause

North Dakota § 41-08-52

Title 41Uniform Commercial Code

Ch. 41-08Investment Securities

This text of North Dakota § 41-08-52 ((8-603) Savings clause) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-08-52 (2026).

Text

1.This chapter does not affect an action or proceeding commenced before August 1, 1997.

2.If a security interest in a security is perfected by August 1, 1997, and the action by which the security interest was perfected would suffice to perfect a security interest under this chapter, no further action is required to continue perfection. If a security interest in a security is perfected by August 1, 1997, but the action by which the security interest was perfected would not suffice to perfect a security interest under this chapter, the security interest remains perfected for a period of six months after August 1, 1997, and continues perfected thereafter if appropriate action to perfect under this chapter is taken within that period. If a security interest is perfected by August 1, 1997, an

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1. This chapter does not affect an action or proceeding commenced before August 1,
1997.
2. If a security interest in a security is perfected by August 1, 1997, and the action by
which the security interest was perfected would suffice to perfect a security interest
under this chapter, no further action is required to continue perfection. If a security
interest in a security is perfected by August 1, 1997, but the action by which the
security interest was perfected would not suffice to perfect a security interest under
this chapter, the security interest remains perfected for a period of six months after
August 1, 1997, and continues perfected thereafter if appropriate action to perfect
under this chapter is taken within that period. If a security interest is perfected by
August 1, 1997, and the security interest can be perfected by filing under this chapter,
a financing statement signed by the secured party instead of the debtor may be filed
within that period to continue perfection or thereafter to perfect.