North Dakota Code 41-09-29 – (9-309) Security interest perfected upon attachment
The following security interests are perfected when they attach:
Terms Used In North Dakota Code 41-09-29
- Contract: A legal written agreement that becomes binding when signed.
- 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
- Decedent: A deceased person.
- 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
- Individual: means a human being. See North Dakota Code 1-01-49
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- Statute: A law passed by a legislature.
1. A purchase-money security interest in consumer goods, except as otherwise provided in subsection 2 of section 41-09-31 with respect to consumer goods that are subject to a statute or treaty described in subsection 1 of section 41-09-31; 2. An assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor’s outstanding accounts or payment intangibles; 3. A sale of a payment intangible; 4. A sale of a promissory note; 5. A security interest created by the assignment of a health care insurance receivable to the provider of the health care goods or services; 6. A security interest arising under section 41-02-46, section 41-02-53, subsection 3 of section 41-02-90, or subsection 5 of section 41-02.1-56, until the debtor obtains possession of the collateral; 7. A security interest of a collecting bank arising under section 41-04-22; 8. A security interest of an issuer or nominated person arising under section 41-05-18; 9. A security interest arising in the delivery of a financial asset under subsection 3 of section 41-09-16; 10. A security interest in investment property created by a broker or securities intermediary; 11. A security interest in a commodity contract or a commodity account created by a commodity intermediary; 12. An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; 13. A security interest created by an assignment of a beneficial interest in a decedent‘s estate; and
14. A sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.