North Dakota § 41-11-08 (A-305) Priority

North Dakota Statutes

§ 41-11-08 — (A-305) Priority

North Dakota § 41-11-08

Title 41Uniform Commercial Code

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

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Bluebook

N.D. Cent. Code § 41-11-08 (2026).

Text

1.Subject to subsections 2 and 3, this Act determines the priority of conflicting claims to collateral.

2.Subject to subsection 3, if the priorities of claims to collateral were established before August 1, 2023, chapter 41-09 as in effect before August 1, 2023, determines priority.

3.On the adjustment date, to the extent the priorities determined by chapter 41-09 as amended by this Act modify the priorities established before August 1, 2023, the priorities of claims to Article 12 property and electronic money established before August 1, 2023, cease to apply.

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1. Subject to subsections 2 and 3, this Act determines the priority of conflicting claims to
collateral.
2. Subject to subsection 3, if the priorities of claims to collateral were established before
August 1, 2023, chapter 41-09 as in effect before August 1, 2023, determines priority.
3. On the adjustment date, to the extent the priorities determined by chapter 41-09 as
amended by this Act modify the priorities established before August 1, 2023, the
priorities of claims to Article 12 property and electronic money established before
August 1, 2023, cease to apply.