North Dakota § 41-09-04 - (9-104) Control of deposit account or uncertificated certificate of deposit
Full text of North Dakota North Dakota Century Code § 41-09-04 — (9-104) Control of deposit account or uncertificated certificate of deposit, with citation guidance and answers to common questions.
§ 41-09-04. (9-104) Control of deposit account or uncertificated certificate of deposit
1. A secured party has control of a deposit account or uncertificated certificate of deposit if: a. The secured party is the bank with which the deposit account or uncertificated certificate of deposit is maintained; b. The debtor, secured party, and bank have agreed in a signed record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account or uncertificated certificate of deposit without further consent by the debtor; c. The secured party becomes the bank's customer with respect to the deposit account or uncertificated certificate of deposit; or d. Another person, other than the debtor: (1) Has control of the deposit account and acknowledges that it has control on behalf of the secured party; or (2) Obtains control of the deposit account after having acknowledged that it will obtain control of the deposit account on behalf of the secured party. 2. A secured party that has satisfied subsection 1 has control, even if the debtor retains the right to direct the disposition of funds from the deposit account or uncertificated certificate of deposit.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 41-09-04
What does North Dakota Century Code § 41-09-04 cover?
Section 41-09-04 ("(9-104) Control of deposit account or uncertificated certificate of deposit") is part of the North Dakota Century Code, the codified statutory law of North Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Dakota § 41-09-04?
A common citation format is "North Dakota Century Code § 41-09-04" (North Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 41-09-04 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Dakota.