Ask Reggi Your Question Now
Can you summarize NHRS 382-A:9-311?
UNIFORM COMMERCIAL CODE > Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties.
Short Summary
This legal document pertains to the perfection of security interests in property that is subject to certain statutes, regulations, and treaties. It states that filing a financing statement is not necessary or effective to perfect a security interest in property that falls under specific categories, such as those governed by a statute, regulation, or treaty of the United States that preempts Section 9-310(a) of the Uniform Commercial Code. Compliance with the requirements of the applicable law is equivalent to filing a financing statement. A security interest in property subject to these laws can only be perfected by complying with the specific requirements, and such perfection remains even if there is a change in the use or possession of the collateral. The duration and renewal of perfection are governed by the respective statute, regulation, or treaty. However, this document does not apply to certain inventory held for sale or lease by a person in the business of selling goods of that kind. No specific penalties are mentioned in this document.
Whom does it apply to?
Creditors seeking to perfect a security interest in property subject to specific laws and regulations
What does it govern?
Perfection of security interests in property subject to certain statutes, regulations, and treaties
What are exemptions?
This document does not apply to certain inventory held for sale or lease by a person in the business of selling goods of that kind
What are the Penalties?
No penalties are mentioned in this document
Jurisdiction
New Hampshire