North Dakota § 47-35-01 Security interest in rents

North Dakota Statutes

§ 47-35-01 — Security interest in rents

North Dakota § 47-35-01

Title 47Property

Ch. 47-35Security Interest in Rents

This text of North Dakota § 47-35-01 (Security interest in rents) 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 § 47-35-01 (2026).

Text

1.A document, however denominated, that is enforceable and creates or provides for a security interest in real property, whether or not it also creates or provides for a security interest in personal property, creates an assignment of rents arising from the real property described in the document, unless the document provides otherwise.

2.An assignment of rents creates a presently effective security interest in all accrued and unaccrued rents arising from the real property described in the document creating the assignment, whether the document is denominated an absolute assignment, an absolute assignment condition upon default, an assignment as additional security, or otherwise. The security interest in rents is separate and distinct from any security interest held by the assignee in the

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1. A document, however denominated, that is enforceable and creates or provides for a
security interest in real property, whether or not it also creates or provides for a
security interest in personal property, creates an assignment of rents arising from the
real property described in the document, unless the document provides otherwise.
2. An assignment of rents creates a presently effective security interest in all accrued and
unaccrued rents arising from the real property described in the document creating the
assignment, whether the document is denominated an absolute assignment, an
absolute assignment condition upon default, an assignment as additional security, or
otherwise. The security interest in rents is separate and distinct from any security
interest held by the assignee in the real property.