N.D. Cent. Code § 41-02.1-37
(2A-307) Priority of liens arising by attachment or levy on, security interests in, and other claims to goods
Redline — December 1, 2021 → current.View current text →
Current — January 1, 2022
As of December 1, 2021
(1) Except as otherwise provided in section 41-02.1-36, a creditor of a lessee takes subject to the lease contract.
(1) Except as otherwise provided in section 41-02.1-36, a creditor of a lessee takes subject to the lease contract.
(2) Except as otherwise provided in subsection 3 and in sections 41-02.1-36 and 41-02.1-38, a creditor of a lessor takes subject to the lease contract unless the creditor holds a lien that attached to the goods before the lease contract became enforceable.
(2) Except as otherwise provided in subsection 3 and in sections 41-02.1-36 and 41-02.1-38, a creditor of a lessor takes subject to the lease contract unless the creditor holds a lien that attached to the goods before the lease contract became enforceable.
(3) Except as otherwise provided in sections 41-09-37, 41-09-41, and 41-09-43, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
(3) Except as otherwise provided in sections 41-09-37, 41-09-41, and 41-09-43, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
(4) The rules of this section operate in favor of whichever party to the lease contract can enforce it, even if one party may not, e.g., because of Section 2A-201(1)(b).
(5) The provisions of the predecessor of this section, original Section 2A-307, which dealt with the relationship between a secured creditor of the lessor and a lessee have been moved to revised Article 9 in Sections 9-317, 9-321, and 9-323.
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.