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Can you summarize NHRS 382-A:9-514?
UNIFORM COMMERCIAL CODE > Assignment of Powers of Secured Party of Record.
Short Summary
This legal document governs the assignment of powers of a secured party of record. It outlines the procedures for assigning the power to authorize an amendment to a financing statement. An initial financing statement may reflect an assignment by providing the name and mailing address of the assignee. A secured party of record may assign all or part of its power by filing an amendment of the financing statement, which includes specific information and the names of the assignor and assignee. However, when it comes to the assignment of a security interest in a fixture covered by a mortgage, the assignment must be made in accordance with the laws of the state other than this chapter. The document does not mention any specific exemptions or penalties.
Whom does it apply to?
Secured parties of record
What does it govern?
Assignment of Powers of Secured Party of Record
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire