Can you summarize NHRS 382-A:9-503?
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the sufficiency of a debtor’s name in a financing statement. It provides guidelines for determining whether a financing statement sufficiently provides the name of the debtor based on different scenarios. The document specifies the requirements for registered organizations, trusts, individuals, and other cases. It also clarifies that the absence of a trade name or additional debtor-related information does not render a financing statement ineffective.
Can you summarize NHRS 382-A:9-504?
A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:
(1) a description of the collateral pursuant to Section 9-108; or
(2) an indication that the financing statement covers all assets or all personal property.
Source. 2001, 102:25, eff. July 1, 2001.
Can you summarize NHRS 382-A:9-505?
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, pertains to the filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. It allows consignors, lessors, bailors, licensors, buyers, and other parties to file a financing statement or comply with relevant statutes or treaties using specific terms such as ‘consignor’, ‘consignee’, ’lessor’, ’lessee’, ‘bailor’, ‘bailee’, ’licensor’, ’licensee’, ‘owner’, ‘registered owner’, ‘buyer’, ‘seller’, or similar terms instead of ‘secured party’ and ‘debtor’.
Can you summarize NHRS 382-A:9-506?
This legal provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, addresses the effect of errors or omissions in financing statements. A financing statement that substantially satisfies the requirements of this part is considered effective, even if it contains minor errors or omissions, unless these errors or omissions make the financing statement seriously misleading. However, if a financing statement fails to provide the name of the debtor in accordance with Section 9-503(a), it is considered seriously misleading.
Can you summarize NHRS 382-A:9-507?
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, discusses the effect of certain events on the effectiveness of a financing statement. It states that a filed financing statement remains effective even if the collateral is sold, exchanged, leased, licensed, or otherwise disposed of, as long as a security interest or agricultural lien continues. Additionally, it mentions that a financing statement is not rendered ineffective if the information provided in the financing statement becomes seriously misleading, except as provided in subsection (c) and Section 9-508.
Can you summarize NHRS 382-A:9-508?
This section of the New Hampshire Revised Statutes, specifically the Uniform Commercial Code (Chapter 382-A), governs the effectiveness of a financing statement when a new debtor becomes bound by a security agreement. It states that a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights, as long as the financing statement would have been effective had the original debtor acquired rights in the collateral.
Can you summarize NHRS 382-A:9-509?
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the filing of initial financing statements, amendments that add collateral or debtors, and termination statements. It specifies that a person may file such records if the debtor authorizes the filing, or if the person holds an agricultural lien that has become effective. The document also outlines that by signing a security agreement, a debtor authorizes the filing of an initial financing statement and amendment covering the collateral described in the agreement.
Can you summarize NHRS 382-A:9-510?
(a) Filed record effective if authorized. A filed record is effective only to the extent that it was filed by a person that may file it under Section 9-509.
(b) Authorization by one secured party of record. A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.
(c) Continuation statement not timely filed. A continuation statement that is not filed within the six-month period prescribed by Section 9-515(d) is ineffective.
Can you summarize NHRS 382-A:9-511?
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, pertains to the concept of a secured party of record in relation to financing statements. A secured party of record is a person whose name is provided as the secured party or a representative of the secured party in an initial financing statement that has been filed. If an amendment is filed to provide the name of a person as a secured party or representative, that person becomes a secured party of record.
Can you summarize NHRS 382-A:9-512?
This legal document governs the process of amending a financing statement. It applies to persons who have previously filed a financing statement and need to make changes to the information provided in the statement. The amendment can involve adding or deleting collateral, continuing or terminating the effectiveness of the statement, or making other amendments. The amendment must identify the initial financing statement to which it relates or provide specific information if the initial financing statement was filed in a certain type of filing office.