(a) Subordination of security interest in transferred collateral. Except as otherwise provided in subsection (b), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if: (1) the debtor acquired the collateral subject to the security interest created by the other person; (2) the security interest created by the other person was perfected when the debtor acquired the collateral; and (3) there is no period thereafter when the security interest is unperfected.

This legal provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code (Chapter 382-A), addresses the priority of security interests created by new debtors. It states that a security interest created by a new debtor in collateral, which is perfected solely by a filed financing statement that would be ineffective to perfect the security interest except for the application of Section 9-316(i)(1) or 9-508, is subordinate to a security interest in the same collateral that is perfected through means other than a filed financing statement.

A security interest in a controllable account, controllable electronic record, or controllable payment intangible held by a secured party having control of the account, electronic record, or payment intangible has priority over a conflicting security interest held by a secured party that does not have control. Source. 2022, 281:70, eff. Jan. 1, 2023.

The following rules govern priority among conflicting security interests in the same deposit account: (1) A security interest held by a secured party having control of the deposit account under Section 9-104 has priority over a conflicting security interest held by a secured party that does not have control. (2) Except as otherwise provided in paragraphs (3) and (4), security interests perfected by control under Section 9-314 rank according to priority in time of obtaining control.

This legal document governs the priority of security interests in investment property. It applies to secured parties, securities intermediaries, and commodity intermediaries. The document establishes rules for determining the priority of conflicting security interests. It states that a security interest held by a secured party with control over the investment property has priority over a security interest held by a secured party without control. Conflicting security interests held by secured parties with control rank according to the time of obtaining control or satisfying control requirements.

The following rules govern priority among conflicting security interests in the same letter-of-credit right: (1) A security interest held by a secured party having control of the letter-of-credit right under Section 9-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control. (2) Security interests perfected by control under Section 9-314 rank according to priority in time of obtaining control.

This legal provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the priority of purchasers of chattel paper or instruments. It outlines the conditions under which a purchaser of chattel paper has priority over a security interest claimed as proceeds of inventory subject to a security interest. The purchaser must provide new value, take possession of authoritative tangible and electronic copies of the record evidencing the chattel paper, and obtain control of the electronic copies.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, addresses the priority of rights of purchasers of various assets and the priority of interests in financial assets and security entitlements. It states that the rights of holders in due course of a negotiable instrument, holders to which a negotiable document of title has been duly negotiated, protected purchasers of a security, and qualifying purchasers of a controllable account, controllable electronic record, or controllable payment intangible take priority over earlier security interests, even if perfected, as provided in Articles 3, 7, 8, and 12.

(a) Transferee of money. A transferee of money takes the money free of a security interest if the transferee receives possession of the money without acting in collusion with the debtor in violating the rights of the secured party. (b) Transferee of funds from deposit account. A transferee of funds from a deposit account takes the funds free of a security interest in the deposit account if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.

(a) ‘Possessory lien.’ In this section, ‘possessory lien’ means an interest, other than a security interest or an agricultural lien: (1) which secures payment or performance of an obligation for services or materials furnished with respect to goods by a person in the ordinary course of the person’s business; (2) which is created by statute or rule of law in favor of the person; and (3) whose effectiveness depends on the person’s possession of the goods.