N.D. Admin Code 72-01-02-01 - Definitions

1. "Agricultural statutory lien" means agricultural processor's lien, agricultural supplier's lien, or agister's lien.

2. "Amendment" means a UCC document that amends the information contained in a financing statement or central notice system financing statement. Amendments include assignments, continuations, and terminations.

3. "Assignment" is an amendment that assigns all or a part of a secured party's power to authorize an amendment to a financing statement.

4. "Central notice system" means farm product central notice system adopted pursuant to North Dakota Century Code section 54-09-09.

5. "Correction statement" means a UCC record filed by the debtor to indicate that a financing statement is inaccurate or wrongfully filed.

6. "Federal liens" means those federal liens described in North Dakota Century Code section 35-29-01.

7. "Filing office" means any one of the fifty-three county recorder's offices or the secretary of state's office.

8. "Filing officer" means any one of the fifty-three county recorders or the secretary of state.

9. "Filing officer statement" means a statement entered into the filing office's information system to correct an error by the filing office.

10. "Individual" means a human being, or a decedent in the case of a debtor that is the decedent's estate.

11. "Initial financing statement" means a UCC record containing the information required to be in an initial financing statement and that caused the filing office to establish the initial record of existence of a financing statement.

12. "Lienholder" means any person or entity which has a statutory lien.

13. "Nonstandard form" means any record presented for filing which is not specified as a standard form, whether presented as a separate record or as an attachment to a standard form.

14. "Organization" means a legal person who is not an individual.

15. "Remitter" means a person who tenders a UCC record to the filing officer for filing, whether the person is a filer or an agent of a filer responsible for tendering the record for filing. "Remitter" does not include a person responsible merely for the delivery of the record to the filing office, such as the postal service or a courier service, but does include a service provider who acts as a filer's representative in the filing process.

16. "Social security number" means social security number as assigned by the social security administration.

17. "Standard form" means a form preapproved for use by the North Dakota secretary of state.

18. "Tax identification number" means the federal tax identification number issued to the entity by the internal revenue service.

19. "UCC" means Uniform Commercial Code as adopted in North Dakota Century Code title 41.

20. "UCC record" means an initial financing statement, an amendment, an assignment, a continuation, a termination, or a correction statement and shall not be deemed to refer exclusively to paper or paper-based writings.

Notes

N.D. Admin Code 72-01-02-01
Effective February 1, 1992; amended effective November 1, 1999; June 1, 2002.

General Authority: NDCC 28-32-02, 41-09-97, 54-09-09

Law Implemented: NDCC 41-09-72, 41-09-73, 41-09-74, 41-09-75, 41-09-76, 41-09-77, 41-09-78, 41-09-79, 41-09-80, 41-09-81, 41-09-82, 41-09-83, 41-09-84, 41-09-85, 41-09-86, 41-09-87, 41-09-88, 41-09-89, 41-09-90, 41-09-91, 41-09-92, 41-09-93, 41-09-94, 41-09-95, 41-09-96

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