This section of the New Hampshire Revised Statutes, specifically the Uniform Commercial Code, outlines the additional duties of a secured party who has control of collateral. It applies to cases where there is no outstanding secured obligation and the secured party is not committed to make advances, incur obligations, or otherwise give value. The section specifies various actions that the secured party must take upon receiving a signed demand from the debtor.

(a) Applicability of section. Except as otherwise provided in subsection (c), this section applies if: (1) there is no outstanding secured obligation; and (2) the secured party is not committed to make advances, incur obligations, or otherwise give value. (b) Duties of secured party after receiving demand from debtor. Within 10 days after receiving a signed demand by the debtor, a secured party shall send to an account debtor that has received notification under Section 9-406(a) or 12-106(b) of an assignment to the secured party as assignee a signed record that releases the account debtor from any further obligation to the secured party.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs requests for accounting, requests regarding a list of collateral, and requests regarding a statement of account. It defines the terms ‘request,’ ‘request for an accounting,’ ‘request regarding a list of collateral,’ and ‘request regarding a statement of account.’ The document outlines the duty of a secured party, other than specific buyers or consignors, to respond to these requests within 14 days by providing an accounting, approving or correcting a list of collateral, or approving or correcting a statement of account.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the perfection, effect of perfection or nonperfection, and priority of security interests in collateral. It applies to creditors and debtors involved in security interests in collateral. The general rules state that the local law of the jurisdiction where the debtor is located determines perfection, effect of perfection or nonperfection, and priority of a security interest.

While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products. Source. 2001, 102:25, eff. July 1, 2001.

This section of the New Hampshire Revised Statutes, specifically Chapter 382-A of the Uniform Commercial Code, governs the perfection and priority of security interests in goods covered by a certificate of title. It applies to goods that are covered by a certificate of title, regardless of any other relationship between the jurisdiction issuing the certificate and the goods or debtor. Goods become covered by a certificate of title when a valid application and applicable fee are submitted to the appropriate authority.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code (Chapter 382-A), governs the perfection and priority of security interests in deposit accounts. It establishes that the local law of a bank’s jurisdiction determines the perfection, effect, and priority of a security interest in a deposit account maintained with that bank, regardless of whether the transaction is related to the bank’s jurisdiction. The document outlines rules to determine a bank’s jurisdiction, such as agreements between the bank and the debtor or customer, as well as the location of the bank’s office or chief executive office.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the perfection and priority of security interests in investment property. It provides rules for determining the governing law for perfection, the effect of perfection or nonperfection, and the priority of security interests in different types of securities, including certificated securities, uncertificated securities, security entitlements, securities accounts, commodity contracts, and commodity accounts. The document specifies that the local law of the jurisdiction where a security certificate is located, the issuer’s jurisdiction for uncertificated securities, the securities intermediary’s jurisdiction for security entitlements or securities accounts, and the commodity intermediary’s jurisdiction for commodity contracts or commodity accounts govern the perfection, effect, and priority of security interests.

(a) Governing law: issuer’s or nominated person’s jurisdiction. Subject to subsection (c), the local law of the issuer’s jurisdiction or a nominated person’s jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a letter-of-credit right if the issuer’s jurisdiction or nominated person’s jurisdiction is a State. (b) Issuer’s or nominated person’s jurisdiction. For purposes of this part, an issuer’s jurisdiction or nominated person’s jurisdiction is the jurisdiction whose law governs the liability of the issuer or nominated person with respect to the letter-of-credit right as provided in Section 5-116.

This legal document governs the perfection and priority of security interests in chattel paper. It specifies the rules for determining the jurisdiction of electronic chattel paper and the applicable law for perfection, nonperfection, and priority of security interests. If chattel paper is evidenced by an authoritative electronic copy, the local law of the electronic chattel paper’s jurisdiction governs. If an authoritative tangible copy of a record evidences chattel paper, the local law of the jurisdiction where the tangible copy is located governs.