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Can you summarize NHRS 382-A:9-803?
UNIFORM COMMERCIAL CODE > Security Interest Perfected Before Effective Date.
Short Summary
This legal document, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, specifically Chapter 382-A, addresses the perfection of security interests. It states that a security interest that is already perfected before the effective date of this act will remain perfected under the amended Article 9 of the Uniform Commercial Code, as long as the applicable requirements for attachment and perfection under the amended Article 9 are satisfied without further action. However, if a security interest is already perfected but the applicable requirements for perfection under the amended Article 9 are not satisfied when this act takes effect, the security interest will only remain perfected if the applicable requirements are met within one year after the effective date of this act. This document does not mention any specific exemptions or penalties.
Whom does it apply to?
Parties with security interests
What does it govern?
Security interests
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire