Title 41 — Uniform Commercial Code
14 chapters · 526 sections in this title.
N.D.C.C. § 41-11-01 (A-101) Title
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This chapter may be cited as Transitional Provisions for Uniform Commercial Code Amendments (2022).
N.D.C.C. § 41-11-02 (A-102) Definitions
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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. "Controll…
N.D.C.C. § 41-11-03 (A-201) Saving clause
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Except as provided in sections 41-11-04 through 41-11-09, a transaction validly entered before August 1, 2023, and the rights, duties, and interests flowing from the transaction remain valid thereafter and may be terminated, completed, consummated, or enforced as required or perm…
N.D.C.C. § 41-11-04 (A-301) Saving clause
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1. Except as provided in sections 41-11-04 through 41-11-09, chapter 41-09 as amended by this Act and chapter 41-12 apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered, created, or acquired before August 1, 2023. 2. …
N.D.C.C. § 41-11-05 (A-302) Security interest perfected before effective date
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1. A security interest that is enforceable and perfected immediately before August 1, 2023, is a perfected security interest under this Act if, on August 1, 2023, the requirements for enforceability and perfection under this Act are satisfied without further action. 2. If a secur…
N.D.C.C. § 41-11-06 (A-303) Security interest unperfected before effective date
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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…
N.D.C.C. § 41-11-07 (A-304) Effectiveness of actions taken before effective date
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1. If action, other than the filing of a financing statement, is taken before August 1, 2023, and the action would have resulted in perfection of the security interest had the security interest become enforceable before August 1, 2023, the action is effective to perfect a securit…
N.D.C.C. § 41-11-08 (A-305) Priority
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1. Subject to subsections 2 and 3, this Act determines the priority of conflicting claims to collateral. 2. Subject to subsection 3, if the priorities of claims to collateral were established before August 1, 2023, chapter 41-09 as in effect before August 1, 2023, determines prio…
N.D.C.C. § 41-11-09 (A-306) Priority of claims when priority rules of chapter 41-09 do not apply
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1. Subject to subsections 2 and 3, chapter 41-12 determines the priority of conflicting claims to Article 12 property when the priority rules of chapter 41-09 as amended by this Act do not apply. 2. Subject to subsection 3, when the priority rules of chapter 41-09 as amended by t…