Current through the 2023 Legislative Sessions
Section 41-09-110 - (9-613) Contents and form of notification before disposition of collateral - General1. The contents of a notification of disposition are sufficient if the notification: a. Describes the debtor and the secured party;b. Describes the collateral that is the subject of the intended disposition;c. States the method of intended disposition;d. States that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; ande. States the time and place of a public disposition or the time after which any other disposition is to be made.2. Whether the contents of a notification that lacks any of the information specified in subsection 1 are nevertheless sufficient is a question of fact.3. The contents of a notification providing substantially the information specified in subsection 1 are sufficient, even if the notification includes:a. Information not specified by that subsection; orb. Minor errors that are not seriously misleading.4. A particular phrasing of the notification is not required.