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40 chapters · 412 sections in this title.
5 CMC § 9110 Sufficiency of Description
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Sufficiency of Description. For the purposes of this division any description of personal property or real estate is sufficient whether or not it is specific if it reasonably identifies what is described. Source: PL 3-56, § 1 (§ 9110).
5 CMC § 9111 Applicability of Bulk Transfer Laws
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Applicability of Bulk Transfer Laws. The creation of a security interest is not a bulk transfer under division 6 of this title (see 5 CMC § 6103). Source: PL 3-56, § 1 (§ 9111).
5 CMC § 9112 Where Collateral Is Not Owned by Debtor
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Where Collateral Is Not Owned by Debtor. Unless otherwise agreed, when a secured party knows that collateral is owned by a person who is not the debtor, the owner of the collateral is entitled to receive from the secured party any surplus under 5 CMC § 9502(2) or under 5 CMC § 95…
5 CMC § 9113 Security Interests Arising Under Division on Sales
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Security Interests Arising Under Division on Sales. A security interest arising solely under the division on sales (division 2 of this title [5 CMC § 2101 et seq.]) is subject to the provisions of this division except that to the extent that and so long as the debtor does not hav…
