North Dakota Code 41-11-08 – (A-305) Priority
Current as of: 2023 | Check for updates
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1. Subject to subsections 2 and 3, this Act determines the priority of conflicting claims to collateral.
Terms Used In North Dakota Code 41-11-08
- Property: includes property, real and personal. See North Dakota Code 1-01-49
2. Subject to subsection 3, if the priorities of claims to collateral were established before August 1, 2023, chapter 41-09 as in effect before August 1, 2023, determines priority.
3. On the adjustment date, to the extent the priorities determined by chapter 41-09 as amended by this Act modify the priorities established before August 1, 2023, the priorities of claims to Article 12 property and electronic money established before August 1, 2023, cease to apply.