Ask Reggi Your Question Now
Can you summarize NHRS 382-A:9-310?
UNIFORM COMMERCIAL CODE > When Filing Required to Perfect Security Interest or Agricultural Lien; Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the perfection of security interests and agricultural liens. In general, a financing statement must be filed to perfect all security interests and agricultural liens, unless specified exceptions apply. The exceptions include situations where the security interest is perfected through other means, such as possession, control, or specific statutory provisions. Additionally, if a secured party assigns a perfected security interest or agricultural lien, a filing is not required to maintain the perfected status against creditors and transferees. This document applies to creditors and secured parties involved in securing interests in property or agricultural assets. It does not specify any penalties for non-compliance or violation of its provisions.
Whom does it apply to?
Creditors and secured parties
What does it govern?
Perfection of security interests and agricultural liens
What are exemptions?
There are several exceptions where filing a financing statement is not necessary to perfect a security interest, such as when the security interest is perfected through other means specified in Section 9-308, 9-309, 9-311, 9-312, 9-313, 9-314, 9-314A, 9-315, or 9-316. Additionally, if a secured party assigns a perfected security interest or agricultural lien, a filing is not required to maintain the perfected status against creditors and transferees.
What are the Penalties?
No penalties are mentioned in this document.
Jurisdiction
New Hampshire