North Dakota § 41-11-06 (A-303) Security interest unperfected before effective date

North Dakota Statutes

§ 41-11-06 — (A-303) Security interest unperfected before effective date

North Dakota § 41-11-06

Title 41Uniform Commercial Code

Ch. 41-11Transitional Provisions for Uniform Commercial Code Amendments (2022)

This text of North Dakota § 41-11-06 ((A-303) Security interest unperfected before effective date) 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 § 41-11-06 (2026).

Text

A security interest that is enforceable immediately before August 1, 2023, but is unperfected at that time:

1.Remains an enforceable security interest until the adjustment date;

2.Remains enforceable thereafter if the security interest becomes enforceable under section 41-09-13, as amended by this Act, on August 1, 2023, or before the adjustment date; and

3.Becomes perfected:

a.Without further action, on August 1, 2023, if the requirements for perfection under this Act are satisfied before or at that time; or

b.When the requirements for perfection are satisfied if the requirements are satisfied after that time.

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A security interest that is enforceable immediately before August 1, 2023, but is unperfected
at that time:
1. Remains an enforceable security interest until the adjustment date;
2. Remains enforceable thereafter if the security interest becomes enforceable under
section 41-09-13, as amended by this Act, on August 1, 2023, or before the adjustment
date; and
3. Becomes perfected:
a. Without further action, on August 1, 2023, if the requirements for perfection under
this Act are satisfied before or at that time; or
b. When the requirements for perfection are satisfied if the requirements are
satisfied after that time.