(9-110) Security interests arising under chapter 41-02 or 41-02.1
N.D. Cent. Code § 41-09-10
in effect41-09-10. (9-110) Security interests arising under chapter 41-02 or 41-02.1
A security interest arising under section 41-02-46, section 41-02-53, subsection 3 of section
41-02-90, or subsection 5 of section 41-02.1-56 is subject to this chapter. However, until the
debtor obtains possession of the goods:
1. The security interest is enforceable, even if subdivision c of subsection 2 of section
41-09-13 has not been satisfied;
2. Filing is not required to perfect the security interest;
3. The rights of the secured party after default by the debtor are governed by chapter
41-02 or 41-02.1; and
4. The security interest has priority over a conflicting security interest created by the
debtor.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t41c09.pdf#nameddest=41-09-10Fetched: 10/16/2026