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40 chapters · 412 sections in this title.
5 CMC § 9311 Alienability of Debtor's Rights: Judicial Process
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Alienability of Debtor’s Rights: Judicial Process. The debtor’s rights in collateral may be voluntarily or involuntarily transferred (by way of sale, creation of a security interest, attachment, levy, garnishment or other judicial process) notwithstanding a provision in the secur…
5 CMC § 9312 Priorities Among Conflicting Security Interests in the Same Collateral
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Priorities Among Conflicting Security Interests in the Same Collateral. (1) The rules of priority stated in other sections of this chapter and in the following sections shall govern when applicable: 5 CMC § 4208 with respect to the security interests of collecting banks in items …
5 CMC § 9313 Priority of Security Interests in Fixtures
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Priority of Security Interests in Fixtures. (1) In this section and in the provisions of chapter 4 of this division [5 CMC § 9401 et seq.] referring to fixture filing, unless the context otherwise requires: (a) Goods are “fixtures” when they become so related to particular real e…
5 CMC § 9314 Accessions
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Accessions. (1) A security interest in goods which attaches before they are installed in or affixed to other goods takes priority as to the goods installed or affixed (called in this section “accessions”) over the claims of all persons to the whole except as stated in subsection …
