(9-704) Security interest unperfected before effective date

N.D. Cent. Code § 41-09-126
in effect
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41-09-126. (9-704) Security interest unperfected before effective date A security interest that is enforceable immediately before July 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time: 1. Remains an enforceable security interest until July 1, 2002; 2. Remains enforceable thereafter if the security interest becomes enforceable under section 41-09-13 on July 1, 2001, or within one year thereafter; and 3. Becomes perfected: a. Without further action, on July 1, 2001, if the applicable requirements for perfection under this chapter are satisfied before or at that time; or b. When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t41c09.pdf#nameddest=41-09-126Fetched: 10/16/2026

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N.D. Cent. Code § 41-09-126 — (9-704) Security interest unperfected before effective date | North Dakota Century Code (Aug. 2026 snapshot) | Corpus