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N.D. Cent. Code § 41-09-99

(9-602) Waiver and variance of rights and duties

Known as the Uniform Commercial Code

The act spans §§ 41–41 (597 sections).

Except as otherwise provided in section 41-09-119, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections:

1. Paragraph 3 of subdivision d of subsection 2 of section 41-09-17, which deals with use and operation of the collateral by the secured party;

2. Section 41-09-20, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;

3. Section 41-09-22, which deals with perfection and priority of agricultural liens;

4. Subsection 3 of section 41-09-104, which deals with collection and enforcement of collateral;

5. Subsection 1 of section 41-09-105 and subsection 3 of section 41-09-111 to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;

6. Subsection 1 of section 41-09-105 and subsection 4 of section 41-09-111 to the extent that they require accounting for or payment of surplus proceeds of collateral;

7. Section 41-09-106 to the extent that it imposes upon a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace;

8. Subsection 2 of section 41-09-107, section 41-09-108, and section 41-09-110, which deal with disposition of collateral;

9. Subsection 6 of section 41-09-111, which deals with calculation of a deficiency or surplus when a disposition is made to the secured party, a person related to the secured party, or a secondary obligor;

10. Sections 41-09-115 through 41-09-117, which deal with acceptance of collateral in satisfaction of obligation;

11. Section 41-09-118, which deals with redemption of collateral;

12. Section 41-09-119, which deals with permissible waivers; and 13. Sections 41-09-120 and 41-09-121, which deal with the secured party's liability for failure to comply with this chapter.

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.