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A lien is a claim or legal right against assets that are typically used as collateral to satisfy a debt.If the underlying obligation is not satisfied, the creditor may be able to seize the asset that is the subject of the lien.

For agricultural secured transactions, there are a few general methods of perfection: (1) possession of the collateral; (2) control of the collateral; (3) automatic perfection when the security interest attaches; and (4) filing a financing statement.

As defined in this Article, a "non-UCC recorded" security interest is an. attached security interest6 that is recorded somewhere other than in the. Article 9 filing system.7 An "unrecorded" security interest, on the other. hand, is an attached security interest that is not recorded in any filing.

North Dakota UCC Agricultural Landlord's Lien / Notice

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What is the definition of a lien?

How do you perfect a security interest in livestock?

What is a non UCC filing?

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