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

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Turtle Mountain Band of Chippewa Indians Tribal Code.

24.44.100 When Filing Required to Perfect Security Interest or Agricultural Lien – Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply

(a) Except as otherwise provided in subsection (b) and subsection (b) of section 24,4232, a financing statement must be filed to perfect all security interests and agricultural liens.

(b) The filing of a financing statement is not necessary to perfect a security interest:

(1) That is perfected under subsection (d), (e), (f), or (g) of Section 24.44.080;

(2) That is perfected under Section 24.44.090 when it attaches;

(3) In property subject to a statute, regulation, or treaty described in subsection (a) of Section 24.44.110;

(4) In goods in possession of a bailee which is perfected under subdivision (1) or (2) of subsection (d) of Section 24.44.120;

(5) In certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under subsection (e), (f), or (g) of Section 24.44.120;

(6) In collateral in the secured party's possession under Section 24.44.130;

(7) In a certificated security which is perfected by delivery of the security certificate to the secured party under Section 24.44.130;

(8) In deposit accounts, electronic chattel paper, electronic documents, investment property, letter-of-credit rights, or uncertificated certificates of deposit, which is perfected by control under Section 24.44.140;

(9) In proceeds which is perfected under Section 24.44.150;

(10) That is perfected under Section 24.44.160; or

(c) If a secured party assigns a perfected security interest or agricultural lien, a filing under Chapters 24.42 through 24.48 is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.

Original url: /us/nsn/tmchippewa/council/code/24.44.100

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