This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, provides guidance on the procedure to be followed when a security agreement covers both personal and real property, or when it covers goods that are or become fixtures. If a security agreement covers both personal and real property, a secured party can enforce their rights separately for the personal property without affecting their rights over the real property.

This legal document, part of the New Hampshire Revised Statutes, specifically the Uniform Commercial Code (Chapter 382-A), governs the duties and obligations of secured parties in relation to debtors, obligors, and other secured parties or lienholders. It establishes that a secured party does not owe a duty to a debtor or obligor unless the secured party has knowledge of their identity and how to communicate with them. Similarly, a secured party does not owe a duty to a secured party or lienholder unless they have knowledge of the debtor’s identity.

For purposes of this part, a default occurs in connection with an agricultural lien at the time the secured party becomes entitled to enforce the lien in accordance with the statute under which it was created. Source. 2001, 102:25, eff. July 1, 2001.

This section of the New Hampshire Revised Statutes, specifically the Uniform Commercial Code (Chapter 382-A), governs the collection and enforcement actions that a secured party can take. It applies to secured parties, account debtors, other persons obligated on collateral, and banks. The section outlines the various actions a secured party can take, such as notifying an account debtor or other obligated person to make payment or render performance, enforcing obligations, exercising debtor’s rights, and applying the balance of a deposit account.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the application of proceeds of collection or enforcement, as well as the liability for deficiency and right to surplus. It applies to secured parties, holders of subordinate security interests or other liens, debtors, and obligors. The document outlines the order in which cash proceeds of collection or enforcement should be applied, including reasonable expenses, satisfaction of obligations secured by the security interest or agricultural lien, and satisfaction of obligations secured by any subordinate security interest or other lien.

(a) Possession; rendering equipment unusable; disposition on debtor’s premises. After default, a secured party: (1) may take possession of the collateral; and (2) without removal, may render equipment unusable and dispose of collateral on a debtor’s premises under Section 9-610. (b) Judicial and nonjudicial process. A secured party may proceed under subsection (a): (1) pursuant to judicial process; or (2) without judicial process, if it proceeds without breach of the peace.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the disposition of collateral after default. It allows a secured party to sell, lease, license, or otherwise dispose of the collateral in its present condition or after reasonable preparation or processing. The disposition must be commercially reasonable, considering aspects such as method, manner, time, place, and terms. The secured party can dispose of collateral through public or private proceedings, contracts, as a unit or in parcels, and at any time and place.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the requirement for secured parties to provide notification before disposing of collateral. The document specifies that a secured party must send a reasonable signed notification of disposition to the debtor, any secondary obligor, and other specified parties. These specified parties include other persons with an interest in the collateral, other secured parties or lienholders who have filed a financing statement, and secured parties who have a security interest in the collateral perfected by compliance with a statute, regulation, or treaty.

(a) Reasonable time is question of fact. Except as otherwise provided in subsection (b), whether a notification is sent within a reasonable time is a question of fact. (b) 10-day period sufficient in non-consumer transaction. In a transaction other than a consumer transaction, a notification of disposition sent after default and 10 days or more before the earliest time of disposition set forth in the notification is sent within a reasonable time before the disposition.

This legal document governs the contents and form of notification that must be provided before the disposition of collateral in non-consumer-goods transactions. The notification must include information such as the debtor and secured party’s description, the collateral subject to disposition, the method of intended disposition, the debtor’s entitlement to an accounting of unpaid indebtedness, and the time and place of public disposition or the time after which any other disposition will be made.