North Dakota Code 41-09-12 – (9-202) Title to collateral immaterial
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Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this chapter with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor.
Terms Used In North Dakota Code 41-09-12
- 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
- paper: means any flexible material upon which it is usual to write. See North Dakota Code 1-01-27