§ 41-09-110 — (9-613) Contents and form of notification before disposition of collateral - General

North Dakota § 41-09-110

• Jurisdiction: North Dakota
• Title 41: Uniform Commercial Code
• Ch. 41-09: Secured Transactions

Text

General.
1. The contents of a notification of disposition are sufficient if the notification:
a. Describes the debtor and the secured party;
b. Describes the collateral that is the subject of the intended disposition;
c. States the method of intended disposition;
d. States that the debtor is entitled to an accounting of the unpaid indebtedness and
states the charge, if any, for an accounting; and
e. States the time and place of a public disposition or the time after which any other
disposition is to be made.
2. Whether the contents of a notification that lacks any of the information specified in
subsection 1 are nevertheless sufficient is a question of fact.
3. The contents of a notification providing substantially the information specified in
subsection 1 are sufficient, even if the notification includes:
a. Information not specified by that subsection; or
b. Minor errors that are not seriously misleading.
4. A particular phrasing of the notification is not required.