North Dakota § 41-09-10 (9-110) Security interests arising under chapter 41-02 or 41-02.1

North Dakota Statutes

§ 41-09-10 — (9-110) Security interests arising under chapter 41-02 or 41-02.1

North Dakota § 41-09-10

Title 41Uniform Commercial Code

Ch. 41-09Secured Transactions

This text of North Dakota § 41-09-10 ((9-110) Security interests arising under chapter 41-02 or 41-02.1) 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 § 41-09-10 (2026).

Text

A security interest arising under section 41-02-46, section 41-02-53, subsection 3 of section 41-02-90, or subsection 5 of section 41-02.1-56 is subject to this chapter. However, until the debtor obtains possession of the goods:

1.The security interest is enforceable, even if subdivision c of subsection 2 of section 41-09-13 has not been satisfied;

2.Filing is not required to perfect the security interest;

3.The rights of the secured party after default by the debtor are governed by chapter 41-02 or 41-02.1; and

4.The security interest has priority over a conflicting security interest created by the debtor.

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A security interest arising under section 41-02-46, section 41-02-53, subsection 3 of section
41-02-90, or subsection 5 of section 41-02.1-56 is subject to this chapter. However, until the
debtor obtains possession of the goods:
1. The security interest is enforceable, even if subdivision c of subsection 2 of section
41-09-13 has not been satisfied;
2. Filing is not required to perfect the security interest;
3. The rights of the secured party after default by the debtor are governed by chapter
41-02 or 41-02.1; and
4. The security interest has priority over a conflicting security interest created by the
debtor.