North Dakota Code 41-09-110 – (9-613) Contents and form of notification before disposition of collateral – General
1. The contents of a notification of disposition are sufficient if the notification:
Terms Used In North Dakota Code 41-09-110
- Debtor: means a natural person whose name was provided in a financing statement record as an individual debtor or one of the types of persons listed in section 41-09-76. See North Dakota Code 41-10-01
a. Describes the debtor and the secured party; b. Describes the collateral that is the subject of the intended disposition; c. States the method of intended disposition; d. States that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and
e. States the time and place of a public disposition or the time after which any other disposition is to be made.
2. Whether the contents of a notification that lacks any of the information specified in subsection 1 are nevertheless sufficient is a question of fact.
3. The contents of a notification providing substantially the information specified in subsection 1 are sufficient, even if the notification includes:
a. Information not specified by that subsection; or b. Minor errors that are not seriously misleading.
4. A particular phrasing of the notification is not required.