# N.D. Cent. Code § 41-09-04: 41-09-04. (9-104) Control of deposit account or uncertificated certificate of deposit

> North Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ND_T41_C41-09_S41-09-04

## Section

- **Citation:** N.D. Cent. Code § 41-09-04
- **Heading:** 41-09-04. (9-104) Control of deposit account or uncertificated certificate of deposit
- **Jurisdiction:** North Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** ND Code / Title 41 / Chapter 41-09 / Section 41-09-04

## Text

41-09-04. (9-104) Control of deposit account or uncertificated certificate of deposit

1. A secured party has control of a deposit account or uncertificated certificate of deposit

if:

a. The secured party is the bank with which the deposit account or uncertificated

certificate of deposit is maintained;

b. The debtor, secured party, and bank have agreed in a signed record that the bank

will comply with instructions originated by the secured party directing disposition

of the funds in the deposit account or uncertificated certificate of deposit without

further consent by the debtor;

c. The secured party becomes the bank's customer with respect to the deposit

account or uncertificated certificate of deposit; or

d. Another person, other than the debtor:

(1) Has control of the deposit account and acknowledges that it has control on

behalf of the secured party; or

(2) Obtains control of the deposit account after having acknowledged that it will

obtain control of the deposit account on behalf of the secured party.

2. A secured party that has satisfied subsection 1 has control, even if the debtor retains

the right to direct the disposition of funds from the deposit account or uncertificated

certificate of deposit.

## Nearby sections

- [N.D. Cent. Code § 41-09-01 41-09-01. (9-101) Short title](https://www.frixlaw.com/law-library/statutes/STATE_ND_T41_C41-09_S41-09-01.md)
- [N.D. Cent. Code § 41-09-02 41-09-02. (9-102) Definitions and index of definitions](https://www.frixlaw.com/law-library/statutes/STATE_ND_T41_C41-09_S41-09-02.md)
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- [N.D. Cent. Code § 41-09-04 41-09-04. (9-104) Control of deposit account or uncertificated certificate of deposit](https://www.frixlaw.com/law-library/statutes/STATE_ND_T41_C41-09_S41-09-04.md)
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- [N.D. Cent. Code § 41-09-08 41-09-08. (9-108) Sufficiency of description](https://www.frixlaw.com/law-library/statutes/STATE_ND_T41_C41-09_S41-09-08.md)
- [N.D. Cent. Code § 41-09-09 41-09-09. (9-109) Scope](https://www.frixlaw.com/law-library/statutes/STATE_ND_T41_C41-09_S41-09-09.md)
- [N.D. Cent. Code § 41-09-10 41-09-10. (9-110) Security interests arising under chapter 41-02 or 41-02.1](https://www.frixlaw.com/law-library/statutes/STATE_ND_T41_C41-09_S41-09-10.md)
- [N.D. Cent. Code § 41-09-11 41-09-11. (9-201) General effectiveness of security agreement](https://www.frixlaw.com/law-library/statutes/STATE_ND_T41_C41-09_S41-09-11.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ND_T41_C41-09_S41-09-04. Check the current official text before relying on it. Not legal advice.