Can you summarize NHRS 382-A:9-706?
This provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, addresses the continuation of the effectiveness of financing statements. It states that the filing of an initial financing statement in the specified office will continue the effectiveness of a financing statement filed before the Act takes effect. The initial financing statement must satisfy certain requirements, including identifying the pre-effective-date financing statement and indicating that it remains effective.
Can you summarize NHRS 382-A:9-707?
This legal document pertains to the amendment of pre-effective-date financing statements. A pre-effective-date financing statement refers to a financing statement filed before this Act takes effect. After this Act takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in Part 3.
Can you summarize NHRS 382-A:9-708?
A person may file an initial financing statement or a continuation statement under this part if:
(1) the secured party of record authorizes the filing; and
(2) the filing is necessary under this part:
(A) to continue the effectiveness of a financing statement filed before this Act takes effect; or
(B) to perfect or continue the perfection of a security interest.
Source. 2001, 102:25, eff. July 1, 2001.
Can you summarize NHRS 382-A:9-709?
(a) Law governing priority. This Act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this Act takes effect, former Article 9 determines priority.
(b) Priority if security interest becomes enforceable under Section 9-203. For purposes of Section 9-322(a), the priority of a security interest that becomes enforceable under Section 9-203 of this Act dates from the time this Act takes effect if the security interest is perfected under this Act by the filing of a financing statement before this Act takes effect which would not have been effective to perfect the security interest under former Article 9.
Can you summarize NHRS 382-A:9-710?
This legal document outlines the duties and responsibilities of former filing offices, specifically city or town clerk’s offices, regarding the maintenance, destruction, acceptance, and communication of records related to financing statements filed under former Article 9 of the Uniform Commercial Code. The former filing offices are required to maintain records of every financing statement until a termination statement is filed or until June 30, 2007, whichever is earlier. After July 1, 2007, the remaining records may be destroyed.
Can you summarize NHRS 382-A:9-801?
This act takes effect on July 1, 2013. As used in this part, ‘act’ means the legislation enacting the 2010 amendments to Article 9.
Source. 2012, 236:21, eff. July 1, 2013.
Can you summarize NHRS 382-A:9-802?
(a) Pre-effective-date transactions or liens. Except as otherwise provided in this part, this act applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this act takes effect.
(b) Pre-effective-date proceedings. This act does not affect an action, case, or proceeding commenced before this act takes effect.
Source. 2012, 236:21, eff. July 1, 2013.
Can you summarize NHRS 382-A:9-803?
This legal document, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, specifically Chapter 382-A, addresses the perfection of security interests. It states that a security interest that is already perfected before the effective date of this act will remain perfected under the amended Article 9 of the Uniform Commercial Code, as long as the applicable requirements for attachment and perfection under the amended Article 9 are satisfied without further action.
Can you summarize NHRS 382-A:9-804?
A security interest that is an unperfected security interest immediately before this act takes effect becomes a perfected security interest:
(1) without further action, when this act takes effect if the applicable requirements for perfection under Article 9 as amended by this act are satisfied before or at that time; or
(2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
Source. 2012, 236:21, eff.
Can you summarize NHRS 382-A:9-805?
This legal document pertains to the effectiveness of action taken before the effective date. It applies to creditors and debtors involved in financing statements. The document states that filing a financing statement before the act takes effect is effective to perfect a security interest to the extent it satisfies the applicable requirements for perfection under Article 9 as amended by this act. It also specifies that an effective financing statement filed before the act takes effect does not become ineffective due to this act, except under certain circumstances.