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Can you summarize NHRS 382-A:9-511?
UNIFORM COMMERCIAL CODE > Secured Party of Record.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, pertains to the concept of a secured party of record in relation to financing statements. A secured party of record is a person whose name is provided as the secured party or a representative of the secured party in an initial financing statement that has been filed. If an amendment is filed to provide the name of a person as a secured party or representative, that person becomes a secured party of record. A person remains a secured party of record until their name is deleted through an amendment of the financing statement. This document outlines the criteria and process for determining the secured party of record in relation to financing statements. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Persons involved in financing statements and amendments
What does it govern?
Secured party of record
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire