Terms Used In North Dakota Code > Chapter 41-11 - Transitional Provisions for Uniform Commercial Code Amendments (2022)

• following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
• Lien: A claim against real or personal property in satisfaction of a debt.
• Property: includes property, real and personal. See North Dakota Code 1-01-49
• Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. ^{Source: OCC}