Opinion ID: 1822097
Heading Depth: 1
Heading Rank: 3

Heading: Filing of Assignment

Text: Tappan asserts that, in order to claim priority, Elhard was required to file his assignment from Northwestern with the secretary of state. We disagree. The assignment from Northwestern to Elhard did not create a new security interest and was not itself intended for security. See § 41-09-23(2), N.D.C.C., [§ 9-302(2), U.C.C.] which provides: If a secured party assigns a perfected security interest, no filing under this chapter is required in order to continue the perfected status of the security interest against creditors of and transferees from the original debtor. See also Uniform Commercial Code (U.L.A.) § 9-302, 1972 Official Comment. Elhard was not required to file his assignment.