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Can you summarize NHRS 382-A:9-316?
UNIFORM COMMERCIAL CODE > Effect of Change in Governing Law.
Short Summary
This legal document governs the effect of a change in governing law on the perfection of security interests. It applies to creditors and debtors involved in security interests. The document outlines the rules for the continuation of perfection of security interests in various scenarios, such as a change in the debtor’s location, transfer of collateral to another jurisdiction, possessory security interests in collateral moved to a new jurisdiction, goods covered by a certificate of title, and change in jurisdiction of specific types of collateral. The document also addresses the effect of a change in governing law on filed financing statements and the perfection of security interests against purchasers. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Creditors and debtors involved in security interests
What does it govern?
Effect of change in governing law on perfection of security interests
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire