North Dakota § 41-09-51 (9-331) Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments, and securities under other articles - Priority of interests in financial assets and security entitlements and protection against assertion of claim under chapters 41-08 and 41-12

North Dakota Statutes

§ 41-09-51 — (9-331) Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments, and securities under other articles - Priority of interests in financial assets and security entitlements and protection against assertion of claim under chapters 41-08 and 41-12

North Dakota·Title 41 Uniform Commercial Code·Ch. 41-09 Secured Transactions

controllable electronic records, controllable payment intangibles, documents, instruments, and securities under other articles - Priority of interests in financial assets and security entitlements and protection against assertion of claim under chapters 41-08 and 41-12.

1.This chapter does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, a protected purchaser of a security, or a qualifying purchaser of a controllable account, controllable electronic record, or controllable payment intangible. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in chapters 41-03, 41-07, 41-08, and 41-12.

2.This chapter does not limit the ri

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controllable electronic records, controllable payment intangibles, documents,
instruments, and securities under other articles - Priority of interests in financial assets
and security entitlements and protection against assertion of claim under chapters 41-08
and 41-12.
1. This chapter does not limit the rights of a holder in due course of a negotiable
instrument, a holder to which a negotiable document of title has been duly negotiated,
a protected purchaser of a security, or a qualifying purchaser of a controllable account,
controllable electronic record, or controllable payment intangible. These holders or
purchasers take priority over an earlier security interest, even if perfected, to the extent
provided in chapters 41-03, 41-07, 41-08, and 41-12.
2. This chapter does not limit the rights of or impose liability on a person to the extent
that the person is protected against the assertion of a claim under chapters 41-08 and
41-12.
3. Filing under this chapter does not constitute notice of a claim or defense to the
holders, purchasers, or persons described in subsections 1 and 2.

North Dakota § 41-09-51 ((9-331) Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments, and securities under other articles - Priority of interests in financial assets and security entitlements and protection against assertion of claim under chapters 41-08 and 41-12) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.