(9-511) Secured party of record
N.D. Cent. Code § 41-09-82
in effect41-09-82. (9-511) Secured party of record
1. A secured party of record with respect to a financing statement is a person whose
name is provided as the name of the secured party or a representative of the secured
party in an initial financing statement that has been filed. If an initial financing
statement is filed under subsection 1 of section 41-09-85, the assignee named in the
initial financing statement is the secured party of record with respect to the financing
statement.
2. If an amendment of a financing statement which provides the name of a person as a
secured party or a representative of a secured party is filed, the person named in the
amendment is a secured party of record. If an amendment is filed under subsection 2
of section 41-09-85, the assignee named in the amendment is a secured party of
record.
3. A person remains a secured party of record until the filing of an amendment of the
financing statement which deletes the person.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t41c09.pdf#nameddest=41-09-82Fetched: 10/16/2026