(a) Waiver of disposition notification. A debtor or secondary obligor may waive the right to notification of disposition of collateral under Section 9-611 only by an agreement to that effect entered into and signed after default. (b) Waiver of mandatory disposition. A debtor may waive the right to require disposition of collateral under Section 9-620(e) only by an agreement to that effect entered into and signed after default. (c) Waiver of redemption right.

This legal document governs the remedies available when a secured party fails to comply with the provisions outlined in the Uniform Commercial Code. It applies to secured parties, debtors, obligors, and persons with security interests or liens on collateral. The document allows a court to order or restrain collection, enforcement, or disposition of collateral if a secured party is not proceeding in accordance with the article. It also establishes liability for damages caused by noncompliance, including loss resulting from the debtor’s inability to obtain alternative financing.

This legal document pertains to actions arising from transactions, excluding consumer transactions, where the amount of a deficiency or surplus is in dispute. The document outlines the rules that apply in such cases. It states that a secured party does not need to prove compliance with certain provisions unless their compliance is challenged by the debtor or a secondary obligor. If compliance is challenged, the secured party has the burden of establishing that the collection, enforcement, disposition, or acceptance was conducted in accordance with the relevant provisions.

This provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, addresses the determination of whether conduct related to the collection, enforcement, disposition, or acceptance of collateral was commercially reasonable. It states that the fact that a greater amount could have been obtained by a different method or at a different time does not automatically preclude the secured party from establishing that the conduct was commercially reasonable. The provision also outlines the criteria for a disposition of collateral to be considered commercially reasonable, such as being made in the usual manner on a recognized market or at the current market price.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, addresses the nonliability and limitation on liability of secured parties and the liability of secondary obligors. It outlines the circumstances under which a secured party may not be held liable for noncompliance with the article, such as when they lack knowledge of the debtor or obligor’s identity and means of communication. The document also limits the liability of a secured party based on their status as a secured party, provided they do not have the required knowledge about the debtor or obligor.

This Act takes effect on July 1, 2001. References in this part to ’this Act’ refer to the legislative enactment by which this part is added to RSA 382-A:9. References in this part to ‘former Article 9’ refer to RSA 382-A:9 as in effect immediately before this Act takes effect. Source. 2001, 102:25, eff. July 1, 2001.

This legal document, known as the Savings Clause, is a part of the New Hampshire Revised Statutes under the Uniform Commercial Code. It applies to transactions or liens, even if they were entered into or created before this Act takes effect. The document states that transactions and liens that were not governed by former Article 9, but were validly entered into or created before this Act takes effect, remain valid after this Act takes effect.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, addresses the priority of security interests over lien creditors. It states that a security interest that is enforceable immediately before the Act takes effect and would have priority over a person becoming a lien creditor at that time is considered a perfected security interest under the Act if the applicable requirements for enforceability and perfection are satisfied without further action.

A security interest that is enforceable immediately before this Act takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time: (1) remains an enforceable security interest for one year after this Act takes effect; (2) remains enforceable thereafter if the security interest becomes enforceable under Section 9-203 when this Act takes effect or within one year thereafter; and (3) becomes perfected: (A) without further action, when this Act takes effect if the applicable requirements for perfection under this Act are satisfied before or at that time; or (B) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.

This legal document pertains to the effectiveness of actions taken before the effective date of the Act. It states that if an action, other than filing a financing statement, is taken before the Act takes effect and would have resulted in priority of a security interest over the rights of a person becoming a lien creditor, the action is effective to perfect a security interest within one year after the Act takes effect.