Notice to Creditors

Notice to Creditors. In addition to the requirements of 5 CMC § 6104, any bulk transfer subject to this division except one made by auction sale (5 CMC § 6108) is ineffective against any creditor of the transferor unless at least 10 days before he takes possession of the goods or pays for them, whichever happens first, the transferee gives notice of the transfer in the manner and to the persons hereafter provided (5 CMC § 6107). Source: PL 3-56, § 1 (§ 6105).