North Dakota § 41-09-26.2 (9-306B) Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles

North Dakota Statutes

§ 41-09-26.2 — (9-306B) Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles

North Dakota § 41-09-26.2

Title 41Uniform Commercial Code

Ch. 41-09Secured Transactions

This text of North Dakota § 41-09-26.2 ((9-306B) Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles) 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 § 41-09-26.2 (2026).

Text

controllable accounts, controllable electronic records, and controllable payment intangibles.

1.Except as provided in subsection 2, the local law of the controllable electronic record's jurisdiction specified in subsections 3 and 4 of section 41-12-07 governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record.

2.The local law of the jurisdiction in which the debtor is located governs:

a.Perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and

b.Automatic perfection of a security interest in a

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controllable accounts, controllable electronic records, and controllable payment
intangibles.
1. Except as provided in subsection 2, the local law of the controllable electronic record's
jurisdiction specified in subsections 3 and 4 of section 41-12-07 governs perfection,
the effect of perfection or nonperfection, and the priority of a security interest in a
controllable electronic record and a security interest in a controllable account or
controllable payment intangible evidenced by the controllable electronic record.
2. The local law of the jurisdiction in which the debtor is located governs:
a. Perfection of a security interest in a controllable account, controllable electronic
record, or controllable payment intangible by filing; and
b. Automatic perfection of a security interest in a controllable payment intangible
created by a sale of the controllable payment intangible.