Ask Reggi Your Question Now
Can you summarize NHRS 382-A:9-336?
UNIFORM COMMERCIAL CODE > Commingled Goods.
Short Summary
This section of the New Hampshire Revised Statutes, specifically the Uniform Commercial Code, addresses the concept of commingled goods. Commingled goods refer to goods that are physically combined with other goods in a way that their individual identity is lost. The section states that a security interest does not exist in commingled goods themselves, but it may attach to the resulting product or mass when goods become commingled. If collateral becomes commingled goods, a security interest attaches to the product or mass. If a security interest is perfected before the collateral becomes commingled goods, the security interest that attaches to the product or mass is also perfected. The priority of a security interest in the product or mass is determined by the other provisions of this part, with certain rules for conflicting security interests. This section provides clarity on the legal treatment of commingled goods and the attachment and perfection of security interests in such cases.
Whom does it apply to?
Creditors and individuals involved in commercial transactions
What does it govern?
Commingled goods
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire