North Dakota § 41-09-125 - (9-703) Security interest perfected before effective date
Full text of North Dakota North Dakota Century Code § 41-09-125 — (9-703) Security interest perfected before effective date, with citation guidance and answers to common questions.
§ 41-09-125. (9-703) Security interest perfected before effective date
1. A security interest that is enforceable immediately before July 1, 2001, and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this chapter if, on July 1, 2001, the applicable requirements for enforceability and perfection under this chapter are satisfied without further action. 2. Except as otherwise provided in section 41-09-127, if, immediately before July 1, 2001, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under this chapter are not satisfied on July 1, 2001, the security interest: a. Is a perfected security interest for one year after this chapter takes effect; b. Remains enforceable thereafter only if the security interest becomes enforceable under section 41-09-13 before the year expires; and c. Remains perfected thereafter only if the applicable requirements for perfection under this chapter are satisfied before the year expires.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 41-09-125
What does North Dakota Century Code § 41-09-125 cover?
Section 41-09-125 ("(9-703) Security interest perfected before effective date") 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 § 41-09-125?
A common citation format is "North Dakota Century Code § 41-09-125" (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 § 41-09-125 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.