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Can you summarize NHRS 382-A:9-805?
UNIFORM COMMERCIAL CODE > Effectiveness of Action Taken Before Effective Date.
Short Summary
This legal document pertains to the effectiveness of action taken before the effective date. It applies to creditors and debtors involved in financing statements. The document states that filing a financing statement before the act takes effect is effective to perfect a security interest to the extent it satisfies the applicable requirements for perfection under Article 9 as amended by this act. It also specifies that an effective financing statement filed before the act takes effect does not become ineffective due to this act, except under certain circumstances. The document further explains that the filing of a continuation statement after the act takes effect does not continue the effectiveness of a financing statement filed before the act takes effect, but the effectiveness can be continued by timely filing a continuation statement according to the law of the jurisdiction governing perfection. Additionally, the document addresses the application of subsection (b)(2)(B) to transmitting utility financing statements and the application of Part 5. No penalties or exemptions are mentioned in this document.
Whom does it apply to?
Creditors and debtors involved in financing statements
What does it govern?
Effectiveness of action taken before the effective date
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire