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North Dakota Century Code Title 41. Uniform Commercial Code § 41-09-110. (9-613) Contents and form of notification before disposition of collateral--General

Current as of January 01, 2024 | Updated by FindLaw Staff

1. The contents of a notification of disposition are sufficient if the notification:

a. Describes the debtor and the secured party;

b. Describes the collateral that is the subject of the intended disposition;

c. States the method of intended disposition;

d. States that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and

e. States the time and place of a public disposition or the time after which any other disposition is to be made.

2. Whether the contents of a notification that lacks any of the information specified in subsection 1 are nevertheless sufficient is a question of fact.

3. The contents of a notification providing substantially the information specified in subsection 1 are sufficient, even if the notification includes:

a. Information not specified by that subsection; or

b. Minor errors that are not seriously misleading.

4. A particular phrasing of the notification is not required.

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Cite this article: FindLaw.com - North Dakota Century Code Title 41. Uniform Commercial Code § 41-09-110. (9-613) Contents and form of notification before disposition of collateral--General - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-41-uniform-commercial-code/nd-cent-code-sect-41-09-110/

Read this complete North Dakota Century Code Title 41. Uniform Commercial Code § 41-09-110. (9-613) Contents and form of notification before disposition of collateral--General on Westlaw

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