N.D. Cent. Code § 41-09-81
(9-510) Effectiveness of filed record
Redline — December 1, 2021 → current.View current text →
Current — January 1, 2022
As of December 1, 2021
(1) A filed record is effective only to the extent that it was filed by a person that may file it under section 41-09-80.
(1) A filed record is effective only to the extent that it was filed by a person that may file it under section 41-09-80.
(2) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.
(2) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.
(3) A continuation statement that is not filed within the six-month period prescribed by subsection 4 of section 41-09-86 is ineffective.
(3) A continuation statement that is not filed within the six-month period prescribed by subsection 4 of section 41-09-86 is ineffective.
(4) Continuation Statements. A continuation statement may be filed only within the six months immediately before lapse. See Section 9-515(d). The filing office is obligated to reject a continuation statement that is filed outside the six-month period. See Sections 9-520(a), 9-516(b)(7). Subsection (c) provides that if the filing office fails to reject a continuation statement that is not filed in a timely manner, the continuation statement is ineffective nevertheless.
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.