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Can you summarize NHRS 382-A:9-509?
UNIFORM COMMERCIAL CODE > Persons Entitled to File a Record.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the filing of initial financing statements, amendments that add collateral or debtors, and termination statements. It specifies that a person may file such records if the debtor authorizes the filing, or if the person holds an agricultural lien that has become effective. The document also outlines that by signing a security agreement, a debtor authorizes the filing of an initial financing statement and amendment covering the collateral described in the agreement. Additionally, acquiring collateral in which a security interest or agricultural lien continues authorizes the filing of an initial financing statement and amendment. The document further states that certain amendments may be filed with authorization from the secured party of record or as a termination statement if the secured party of record has failed to file or send a termination statement as required. Multiple secured parties of record may authorize amendments. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Persons who wish to file an initial financing statement, amendment, or termination statement
What does it govern?
Filing of initial financing statements, amendments, and termination statements
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire