This legal document, part of the New Hampshire Revised Statutes, specifically Chapter 382-A, which pertains to the Uniform Commercial Code, addresses the sufficiency of description for personal or real property in commercial transactions. According to this document, a description of property is considered sufficient if it reasonably identifies what is described, unless otherwise specified in subsections (c), (d), and (e). The document provides examples of reasonable identification, such as specific listing, category, type of collateral defined in this chapter, quantity, computational or allocational formula or procedure, or any other method that objectively determines the identity of the collateral.

This legal document provides the general scope and applicability of the Uniform Commercial Code (UCC) in the state of New Hampshire. It applies to various transactions and security interests involving personal property or fixtures, agricultural liens, sales of accounts, chattel paper, payment intangibles, promissory notes, consignments, and specific security interests under certain sections of the UCC. However, there are exemptions and inapplicabilities mentioned in the document, such as exemptions related to landlord’s liens, certain assignments of claims, sales or assignments for collection purposes only, and various other exemptions related to insurance, judgments, real property, tort claims, and consumer transactions.

A security interest arising under Section 2-401, 2-505, 2-711(3), or 2A-508(5) is subject to this article. However, until the debtor obtains possession of the goods: (1) the security interest is enforceable, even if Section 9-203(b)(3) has not been satisfied; (2) filing is not required to perfect the security interest; (3) the rights of the secured party after default by the debtor are governed by Article 2 or 2A; and (4) the security interest has priority over a conflicting security interest created by the debtor.

This legal document pertains to the general effectiveness of security agreements. It states that a security agreement is effective according to its terms between the parties involved, against purchasers of the collateral, and against creditors. The document also mentions that transactions subject to this article are subject to any applicable consumer laws, statutes, regulations, and consumer-protection statutes or regulations of the state. In case of conflict between this article and any rule of law, statute, or regulation, the latter controls.

Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this article with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor. Source. 2001, 102:25, eff. July 1, 2001.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code (Chapter 382-A), governs the attachment and enforceability of security interests, proceeds, supporting obligations, and formal requisites. It outlines the conditions under which a security interest becomes enforceable against the debtor and third parties, including the requirement of value given, debtor’s rights in the collateral, and specific conditions based on the type of collateral. The document also mentions the attachment of security interests in proceeds, supporting obligations, and various types of accounts.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the creation of security interests in after-acquired collateral and future advances in security agreements. It allows a security agreement to include after-acquired collateral, except for consumer goods not acquired within 10 days after the secured party gives value and commercial tort claims. However, there are exceptions to these limitations, such as when the collateral is consumer goods or commercial tort claim proceeds.

(a) When security interest not invalid or fraudulent. A security interest is not invalid or fraudulent against creditors solely because: (1) the debtor has the right or ability to: (A) use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods; (B) collect, compromise, enforce, or otherwise deal with collateral; (C) accept the return of collateral or make repossessions; or (D) use, commingle, or dispose of proceeds; or (2) the secured party fails to require the debtor to account for proceeds or replace collateral.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the security interest that arises when a person buys a financial asset through a securities intermediary or delivers a certificated security or other financial asset. In the case of buying through a securities intermediary, the security interest attaches if the person is obligated to pay the purchase price to the securities intermediary at the time of purchase, and the securities intermediary credits the financial asset to the buyer’s securities account before payment.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, outlines the rights and duties of a secured party who has possession or control of collateral. The secured party is required to exercise reasonable care in the custody and preservation of the collateral, including taking necessary steps to preserve rights against prior parties. The document specifies that reasonable expenses incurred in the custody, preservation, use, or operation of the collateral are chargeable to the debtor and secured by the collateral.