Public-domain · open source
OpenJurist

N.D. Cent. Code § 41-11-06

(A-303) Security interest unperfected before effective date

Known as the Transitional Provisions for Uniform Commercial Code

The act spans §§ 41–41 (9 sections).

A security interest that is enforceable immediately before August 1, 2023, but is unperfected at that time:

1. Remains an enforceable security interest until the adjustment date;

2. Remains enforceable thereafter if the security interest becomes enforceable under section 41-09-13, as amended by this Act, on August 1, 2023, or before the adjustment date; and 3. Becomes perfected:

a. Without further action, on August 1, 2023, if the requirements for perfection under this Act are satisfied before or at that time; or b. When the requirements for perfection are satisfied if the requirements are satisfied after that time.

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.