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N.D. Cent. Code § 41-11-02

(A-102) Definitions

Known as the Transitional Provisions for Uniform Commercial Code

The act spans §§ 41–41 (9 sections).

1. In this chapter:

a. "Adjustment date" means July 1, 2025.

b. "Article 12 property" means a controllable account, controllable electronic record, or controllable payment intangible.

2. The following definitions in other chapters of this title apply to this chapter.

a. "Controllable account". Section 41-09-02.

b. "Controllable electronic record". Section 41-12-02.

c. "Controllable payment intangible". Section 41-09-02.

d. "Electronic money". Section 41-09-02.

e. "Financing statement". Section 41-09-02.

3. Chapter 41-01 contains general definitions and principles of construction and interpretation applicable throughout 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.