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N.D. Cent. Code § 41-09-30

(9-310) When filing required to perfect security interest or agricultural lien - Security interests and agricultural liens to which filing provisions do not apply

Known as the Uniform Commercial Code

The act spans §§ 41-01-01 to 41-12-07 (597 sections).

1. Except as otherwise provided in subsection 2 and subsection 2 of section 41-09-32, a financing statement must be filed to perfect all security interests and agricultural liens.

2. The filing of a financing statement is not necessary to perfect a security interest:

a. That is perfected under subsection 4, 5, 6, or 7 of section 41-09-28;

b. That is perfected under section 41-09-29 when it attaches;

c. In property subject to a statute, regulation, or treaty described in subsection 1 of section 41-09-31;

d. In goods in possession of a bailee which is perfected under subdivision a or b of subsection 4 of section 41-09-32;

e. In certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under subsection 5, 6, or 7 of section 41-09-32;

f. In collateral in the secured party's possession under section 41-09-33;

g. In a certificated security which is perfected by delivery of the security certificate to the secured party under section 41-09-33;

h. In controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, investment property, letter-of-credit rights, or uncertificated certificates of deposit, which is perfected by control under section 41-09-34;

i. In chattel paper which is perfected by possession and control under section 41-09-34.1">41-09-34.1;

j. In proceeds which is perfected under section 41-09-35;

k. That is perfected under section 41-09-36; or l. In agricultural liens created by chapter 35-17, 35-30, or 35-31.

3. If a secured party assigns a perfected security interest or agricultural lien, a filing under this chapter is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.

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.