Can you summarize NHRS 382-A:9-306B?
(a) Governing law: general rules. Except as provided in subsection (b), the local law of the controllable electronic record’s jurisdiction as specified in Section 12-107(c) and (d) governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable account, controllable electronic record, or controllable payment intangible evidenced by the controllable electronic record.
(b) When perfection governed by law of jurisdiction where debtor is located.
Can you summarize NHRS 382-A:9-307?
This legal document provides rules for determining the location of a debtor. The location of a debtor is important in determining the applicable laws and regulations for nonpossessory security interests and the priority of rights. The document defines the term ‘place of business’ as a place where a debtor conducts its affairs. It establishes rules for determining the location of a debtor based on whether the debtor is an individual or an organization with one or multiple places of business.
Can you summarize NHRS 382-A:9-308?
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the perfection of security interests and agricultural liens. It specifies that a security interest is perfected if it has attached and all applicable requirements for perfection have been satisfied. Similarly, an agricultural lien is perfected if it has become effective and all applicable requirements have been satisfied. The document also states that a security interest or agricultural lien can be continuously perfected by different methods without any period of being unperfected.
Can you summarize NHRS 382-A:9-309?
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, outlines the types of security interests that are considered perfected when they attach. These include purchase-money security interests in consumer goods, assignments of accounts or payment intangibles that do not transfer a significant part of the assignor’s outstanding accounts, sales of payment intangibles or promissory notes, security interests created by the assignment of health-care-insurance receivables, security interests arising under specific sections related to commercial transactions, security interests of collecting banks, issuers, or nominated persons, security interests arising in the delivery of financial assets, security interests in investment property created by brokers or securities intermediaries, security interests in commodity contracts or commodity accounts created by commodity intermediaries, assignments for the benefit of all creditors, and security interests created by the assignment of a beneficial interest in a decedent’s estate.
Can you summarize NHRS 382-A:9-310?
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the perfection of security interests and agricultural liens. In general, a financing statement must be filed to perfect all security interests and agricultural liens, unless specified exceptions apply. The exceptions include situations where the security interest is perfected through other means, such as possession, control, or specific statutory provisions. Additionally, if a secured party assigns a perfected security interest or agricultural lien, a filing is not required to maintain the perfected status against creditors and transferees.
Can you summarize NHRS 382-A:9-311?
This legal document pertains to the perfection of security interests in property that is subject to certain statutes, regulations, and treaties. It states that filing a financing statement is not necessary or effective to perfect a security interest in property that falls under specific categories, such as those governed by a statute, regulation, or treaty of the United States that preempts Section 9-310(a) of the Uniform Commercial Code. Compliance with the requirements of the applicable law is equivalent to filing a financing statement.
Can you summarize NHRS 382-A:9-312?
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the perfection of security interests in various types of assets, including chattel paper, controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money. It outlines the methods of perfection, such as filing, control, possession, and temporary perfection without filing or transfer of possession.
Can you summarize NHRS 382-A:9-313?
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, outlines the process of perfecting security interests in various types of collateral. It states that a secured party can perfect a security interest in goods, instruments, negotiable tangible documents, or money by taking possession of the collateral. For certificated securities, perfection is achieved by taking delivery of the securities. The document also specifies the circumstances in which possession of goods covered by a certificate of title is required for perfection.
Can you summarize NHRS 382-A:9-314?
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, discusses the concept of perfection by control in relation to security interests. It states that a security interest in various types of collateral can be perfected by control under specific sections of the code. The document also explains that the perfection by control of certain collateral, such as controllable accounts, electronic records, payment intangibles, deposit accounts, electronic documents, or letter-of-credit rights, occurs when the secured party obtains control and remains perfected only as long as the secured party retains control.
Can you summarize NHRS 382-A:9-314A?
(a) Perfection by possession and control. A secured party may perfect a security interest in chattel paper by taking possession of each authoritative tangible copy of the record evidencing the chattel paper and obtaining control of each authoritative electronic copy of the electronic record evidencing the chattel paper.
(b) Time of perfection; continuation of perfection. A security interest is perfected under subsection (a) not earlier than the time the secured party takes possession and obtains control and remains perfected under subsection (a) only while the secured party retains possession and control.