North Dakota § 41-09-06 - (9-106) Control of investment property
Full text of North Dakota North Dakota Century Code § 41-09-06 — (9-106) Control of investment property, with citation guidance and answers to common questions.
§ 41-09-06. (9-106) Control of investment property
1. A person has control of a certificated security, uncertificated security, or security entitlement as provided in section 41-08-06. 2. A secured party has control of a commodity contract if: a. The secured party is the commodity intermediary with which the commodity contract is carried; or b. The commodity customer, secured party, and commodity intermediary have agreed that the commodity intermediary will apply any value distributed on account of the commodity contract as directed by the secured party without further consent by the commodity customer. 3. A secured party having control of all security entitlements or commodity contracts carried in a securities account or commodity account has control over the securities account or commodity account.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 41-09-06
What does North Dakota Century Code § 41-09-06 cover?
Section 41-09-06 ("(9-106) Control of investment property") 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 § 41-09-06?
A common citation format is "North Dakota Century Code § 41-09-06" (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 § 41-09-06 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.