1.    A filed record is effective only to the extent that it was filed by a person that may file it under section 41-09-80.

Terms Used In North Dakota Code 41-09-81

  • Authorized: when used with reference to a financing statement record, means that the financing statement record was filed by a person authorized to do so as provided in sections 41-09-80 and 41-09-130. See North Dakota Code 41-10-01
  • Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49

2.    A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.

3.    A continuation statement that is not filed within the six-month period prescribed by subsection 4 of section 41-09-86 is ineffective.

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