North Dakota § 41-09-47 - (9-327) Priority of security interests in deposit account and uncertificated
Full text of North Dakota North Dakota Century Code § 41-09-47 — (9-327) Priority of security interests in deposit account and uncertificated, with citation guidance and answers to common questions.
§ 41-09-47. (9-327) Priority of security interests in deposit account and uncertificated
certificate of deposit. The following rules govern priority among conflicting security interests in the same deposit account or uncertificated certificate of deposit: 1. A security interest held by a secured party having control of the deposit account or uncertificated certificate of deposit under section 41-09-04 has priority over a conflicting security interest held by a secured party that does not have control. 2. Except as otherwise provided in subsections 3 and 4, security interests perfected by control under section 41-09-34 rank according to priority in time of obtaining control. 3. Except as otherwise provided in subsection 4, a security interest held by the bank with which the deposit account or uncertificated certificate of deposit is maintained has priority over a conflicting security interest held by another secured party. 4. A security interest perfected by control under subdivision c of subsection 1 of section 41-09-04 has priority over a security interest held by the bank with which the deposit account or uncertificated certificate of deposit is maintained.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 41-09-47
What does North Dakota Century Code § 41-09-47 cover?
Section 41-09-47 ("(9-327) Priority of security interests in deposit account and uncertificated") 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 § 41-09-47?
A common citation format is "North Dakota Century Code § 41-09-47" (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 § 41-09-47 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.