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Can you summarize NHRS 382-A:9-309?
UNIFORM COMMERCIAL CODE > Security Interest Perfected Upon Attachment.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, outlines the types of security interests that are considered perfected when they attach. These include purchase-money security interests in consumer goods, assignments of accounts or payment intangibles that do not transfer a significant part of the assignor’s outstanding accounts, sales of payment intangibles or promissory notes, security interests created by the assignment of health-care-insurance receivables, security interests arising under specific sections related to commercial transactions, security interests of collecting banks, issuers, or nominated persons, security interests arising in the delivery of financial assets, security interests in investment property created by brokers or securities intermediaries, security interests in commodity contracts or commodity accounts created by commodity intermediaries, assignments for the benefit of all creditors, and security interests created by the assignment of a beneficial interest in a decedent’s estate. The document does not specify any penalties or exemptions.
Whom does it apply to?
Creditors and debtors involved in the creation of security interests
What does it govern?
Security interests that are perfected when they attach
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire