Turtle Mountain Band of Chippewa Indians of North Dakota - Tribal Law

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Turtle Mountain Band of Chippewa Indians Tribal Code.

24.44.090 Security Interest Perfected upon Attachment

The following security interests are perfected when they attach:

(a) A purchase-money security interest in consumer goods, except as otherwise provided in subsection (b) of Section 24.44.110 with respect to consumer goods that are subject to a statute or treaty described in subsection 1 of Section 24.44.110;

(b) An assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles;

(c) A sale of a payment intangible;

(d) A sale of a promissory note;

(e) A security interest created by the assignment of a health care insurance receivable to the provider of the health care goods or services;

(f) A security interest arising under Section 24.05.010, Section 24.06.050, subsection (c) of Section 24.46.180, or subsection (e) of Section 24.13.080, until the debtor obtains possession of the collateral;

(g) A security interest of a collecting bank arising under Section 24.21.100;

(h) A security interest of an issuer or nominated person arising under Section 24.30.180;

(i) A security interest arising in the delivery of a financial asset under subsection (c) of Section 24.43.060;

(j) A security interest in investment property created by a broker or securities intermediary;

(k) A security interest in a commodity contract or a commodity account created by a commodity intermediary;

(l) An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder;

(m) A security interest created by an assignment of a beneficial interest in a decedent's estate; and

(n) A sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.

Original url: /us/nsn/tmchippewa/council/code/24.44.090

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