Can you summarize NHRS 382-A:9-513?
This legal document pertains to the termination of financing statements under the Uniform Commercial Code (UCC). It outlines the requirements for secured parties to file a termination statement for a financing statement under certain circumstances. If the financing statement covers consumer goods, the secured party must file a termination statement if there is no obligation secured by the collateral covered by the financing statement, or if the debtor did not authorize the initial filing.
Can you summarize NHRS 382-A:9-514?
This legal document governs the assignment of powers of a secured party of record. It outlines the procedures for assigning the power to authorize an amendment to a financing statement. An initial financing statement may reflect an assignment by providing the name and mailing address of the assignee. A secured party of record may assign all or part of its power by filing an amendment of the financing statement, which includes specific information and the names of the assignor and assignee.
Can you summarize NHRS 382-A:9-515?
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the duration and effectiveness of financing statements. A filed financing statement is generally effective for a period of 5 years after the date of filing. However, there are exceptions for initial financing statements filed in connection with public-finance transactions or manufactured-home transactions, which are effective for 30 years. The effectiveness of a financing statement lapses upon expiration, but it can be continued by filing a continuation statement within a specific timeframe.
Can you summarize NHRS 382-A:9-516?
This legal document pertains to the filing and effectiveness of filing under the Uniform Commercial Code (UCC). It specifies that communication of a record to a filing office and tender of the filing fee or acceptance of the record by the filing office constitutes filing, unless otherwise provided. The document outlines various reasons for refusal to accept a record, such as improper communication method, insufficient filing fee, inability to index the record, missing debtor information, or insufficient description of real property.
Can you summarize NHRS 382-A:9-517?
The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record.
Source. 2001, 102:25, eff. July 1, 2001.
Can you summarize NHRS 382-A:9-518?
This legal provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code (Chapter 382-A), allows a person to file an information statement in the filing office if they believe that a record indexed under their name is inaccurate or was wrongfully filed. The information statement must identify the record it relates to, indicate that it is an information statement, and provide the basis for the person’s belief that the record is inaccurate or wrongfully filed.
Can you summarize NHRS 382-A:9-519?
This legal document governs the duties of filing offices in relation to numbering, maintaining, and indexing records, as well as communicating information provided in records. It applies to filing offices and outlines their responsibilities, including assigning unique numbers to filed records, creating records with filing information, maintaining records for public inspection, and indexing records according to specific criteria. The document also provides guidelines for indexing real-property-related financing statements and assignments. It emphasizes the importance of retrieval and association capability, as well as the timeliness of filing office performance.
Can you summarize NHRS 382-A:9-520?
This legal document pertains to the acceptance and refusal of records for filing by filing offices. It states that a filing office shall refuse to accept a record for filing only for reasons set forth in Section 9-516(b) of the Uniform Commercial Code. If a record is refused, the filing office must communicate the refusal, including the reason and the date and time the record would have been filed if accepted.
Can you summarize NHRS 382-A:9-521?
A filing office that accepts written records shall not refuse to accept a written initial financing statement, addendum, or amendment in the form and format set forth in the official text of the 2010 amendments to Article 9 of the Uniform Commercial Code promulgated by the American Law Institute and the Uniform Law Commission, or in such form and format as may be subsequently adopted by the American Law Institute, the Uniform Law Commission, or the International Association of Commercial Administrators, except for a reason set forth in Section 9-516(b).
Can you summarize NHRS 382-A:9-522?
This legal document pertains to the maintenance and destruction of records under the Uniform Commercial Code (Chapter 382-A). It requires filing offices to maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed. The record must be retrievable using the name of the debtor and other specified information. The document also allows the filing office to immediately destroy any written record evidencing a financing statement, as long as another record complying with the requirements is maintained.