North Dakota § 41-09-102 (9-605) Unknown debtor or secondary obligor

North Dakota Statutes

§ 41-09-102 — (9-605) Unknown debtor or secondary obligor

North Dakota § 41-09-102

Title 41Uniform Commercial Code

Ch. 41-09Secured Transactions

This text of North Dakota § 41-09-102 ((9-605) Unknown debtor or secondary obligor) 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 § 41-09-102 (2026).

Text

1. Except as provided in subsection 2, a secured party does not owe a duty based on its status as secured party: a. To a person that is a debtor or obligor, unless the secured party knows:

(1)That the person is a debtor or obligor;

(2)The identity of the person; and

(3)How to communicate with the person; or b. To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:

(1)That the person is a debtor; and

(2)The identity of the person. 2. A secured party owes a duty based on its status as a secured party to a person if, at the time the secured party obtains control of collateral that is a controllable account, controllable electronic record, or controllable payment intangible or at the time the security interest attaches to th

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1. Except as provided in subsection 2, a secured party does not owe a duty based on its
status as secured party:
a. To a person that is a debtor or obligor, unless the secured party knows:
(1) That the person is a debtor or obligor;
(2) The identity of the person; and
(3) How to communicate with the person; or
b. To a secured party or lienholder that has filed a financing statement against a
person, unless the secured party knows:
(1) That the person is a debtor; and
(2) The identity of the person.
2. A secured party owes a duty based on its status as a secured party to a person if, at
the time the secured party obtains control of collateral that is a controllable account,
controllable electronic record, or controllable payment intangible or at the time the
security interest attaches to the collateral, whichever is later:
a. The person is a debtor or obligor; and
b. The secured party knows that the information in subdivision a of subsection 1
relating to the person is not provided by the collateral, a record attached to or
logically associated with the collateral, or the system in which the collateral is
recorded.