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Can you summarize NHRS 382-A:9-306A?
UNIFORM COMMERCIAL CODE > Law Governing Perfection and Priority of Security Interests in Chattel Paper.
Short Summary
This legal document governs the perfection and priority of security interests in chattel paper. It specifies the rules for determining the jurisdiction of electronic chattel paper and the applicable law for perfection, nonperfection, and priority of security interests. If chattel paper is evidenced by an authoritative electronic copy, the local law of the electronic chattel paper’s jurisdiction governs. If an authoritative tangible copy of a record evidences chattel paper, the local law of the jurisdiction where the tangible copy is located governs. However, if the debtor is located in a different jurisdiction, the local law of that jurisdiction governs perfection of a security interest in chattel paper by filing. The document does not mention any specific exemptions or penalties.
Whom does it apply to?
Creditors and debtors involved in transactions related to chattel paper
What does it govern?
Perfection and priority of security interests in chattel paper
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire