North Dakota Statutes
§ 41-09-38 — (9-318) No interest retained in right to payment that is sold - Rights and title of seller of account or chattel paper with respect to creditors and purchasers
North Dakota § 41-09-38
This text of North Dakota § 41-09-38 ((9-318) No interest retained in right to payment that is sold - Rights and title of seller of account or chattel paper with respect to creditors and purchasers) 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 § 41-09-38 (2026).
Text
of seller of account or chattel paper with respect to creditors and purchasers.
1.A debtor that has sold an account, chattel paper, payment intangible, or promissory
note does not retain a legal or equitable interest in the collateral sold.
2.For purposes of determining the rights of creditors of, and purchasers for value of an
account or chattel paper from, a debtor that has sold an account or chattel paper, while
the buyer's security interest is unperfected, the debtor is deemed to have rights and
title to the account or chattel paper identical to those the debtor sold.
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Related
Belden v. Hambleton
554 N.W.2d 458 (North Dakota Supreme Court, 1996)
Nearby Sections
15
§ 41-01-01
(1-101) Short titles§ 41-01-02
(1-102) Scope of chapter§ 41-01-05
(1-105) Severability§ 41-01-07
(1-107) Section captions§ 41-01-09
(1-201) General definitions§ 41-01-10
(1-202) Notice - Knowledge§ 41-01-12
(1-204) Value§ 41-01-13
(1-205) Reasonable time - Seasonableness§ 41-01-14
(1-206) PresumptionsCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 41-09-38, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/41-09-38.