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 § 41-09-51

Title 41Uniform Commercial Code

Ch. 41-09Secured Transactions

This text of 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) 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 § 41-09-51 (2026).

Text

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.