A person may file an initial financing statement or a continuation statement under this part if:

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Terms Used In North Dakota Code 41-09-130

  • 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 this part:

a.    To continue the effectiveness of a financing statement filed before July 1, 2001; or b.    To perfect or continue the perfection of a security interest.