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New Hampshire - Compliance With Other Statutes And Treaties For Consignments

Added January 20th, 2014

Revised Statutes Annotated of the State of New Hampshire
Title XXXIV-A. Uniform Commercial Code (Ch. 382-A)
Chapter 382-A. Uniform Commercial Code (Refs & Annos)
Article 9. Secured Transactions (Refs & Annos)
Part 5. Filing
Subpart 1. Filing Office; Contents and Effectiveness of Financing Statement(Refs & Annos)

382-A:9-505 Filing and Compliance With Other Statutes and Treaties for Consignments, Leases, Other Bailments, and Other Transactions.

(a) Use of terms other than “debtor” and “secured party.” A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in Section 9-311(a), using the terms “consignor”, “consignee”, “lessor”, “lessee”, “bailor”, “bailee”, “licensor”, “licensee”, “owner”, “registered owner”, “buyer”, “seller”, or words of similar import, instead of the terms “secured party” and “debtor”.
(b) Effect of financing statement under subsection (a). This part applies to the filing of a financing statement under subsection (a) and, as appropriate, to compliance that is equivalent to filing a financing statement under Section 9-311(b), but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer which attaches to the collateral is perfected by the filing or compliance.

Cite as N.H. Rev. Stat. Ann. § 382-A:9-505

Laws change and requirements vary by state. This is general information and may be out of date. Check the official state sources, or ask a lawyer, before relying on it.

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