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Can you summarize NHRS 382-A:9-312?
UNIFORM COMMERCIAL CODE > Perfection of Security Interests in Chattel Paper, Deposit Accounts, Documents, Goods Covered by Documents, Instruments, Investment Property, Letter-of-Credit Rights, and Money; Perfection by Permissive Filing; Temporary Perfection Without Filing or Transfer of Possession.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the perfection of security interests in various types of assets, including chattel paper, controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money. It outlines the methods of perfection, such as filing, control, possession, and temporary perfection without filing or transfer of possession. The document also specifies the priority of security interests and provides temporary perfection periods for certain types of collateral. The provisions apply to secured parties, debtors, and bailees involved in transactions related to the mentioned assets.
Whom does it apply to?
Secured parties, debtors, and bailees
What does it govern?
Perfection of Security Interests in Chattel Paper, Controllable Accounts, Controllable Electronic Records, Controllable Payment Intangibles, Deposit Accounts, Documents, Goods Covered by Documents, Instruments, Investment Property, Letter-of-Credit Rights, and Money
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire