A person may file an initial financing statement or a continuation statement under section 41-09-132 through 41-09-139 if:

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Terms Used In North Dakota Code 41-09-138

  • Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49

1.    The secured party of record authorizes the filing; and

2.    The filing is necessary under sections 41-09-132 through 41-09-139:

a.    To continue the effectiveness of a financing statement filed before this Act takes effect; or

b.    To perfect or continue the perfection of a security interest.