Ask Reggi Your Question Now
Can you summarize NHRS 382-A:9-306B?
UNIFORM COMMERCIAL CODE > Law Governing Perfection and Priority of Security Interests in Controllable Accounts, Controllable Electronic Records, and Controllable Payment Intangibles.
Short Summary
(a) Governing law: general rules. Except as provided in subsection (b), the local law of the controllable electronic record’s jurisdiction as specified in Section 12-107(c) and (d) governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable account, controllable electronic record, or controllable payment intangible evidenced by the controllable electronic record. (b) When perfection governed by law of jurisdiction where debtor is located. The local law of the jurisdiction in which the debtor is located governs: (1) perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and (2) automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible. Source. 2022, 281:60, eff. Jan. 1, 2023. 2023, 236:45, eff. Oct. 7, 2023.
Jurisdiction
New Hampshire