N.H. Rev. Stat. § 382-A:9-314

Current through the 2024 Legislative Session
Section 382-A:9-314 - Perfection by Control
(a) Perfection by control. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, investment property, or letter-of-credit rights may be perfected by control of the collateral under Section 7-106, 9-104, 9-106, 9-107, or 9-107A.
(b) Specified collateral: time of perfection by control; continuation of perfection. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, or letter-of-credit rights is perfected by control under Section 7-106, 9-104, 9-107, or 9-107A not earlier than the time the secured party obtains control and remains perfected by control only while the secured party retains control.
(c) Investment property: time of perfection by control; continuation of perfection. A security interest in investment property is perfected by control under Section 9-106 not earlier than the time the secured party obtains control and remains perfected by control until:
(1) the secured party does not have control; and
(2) one of the following occurs:
(A) if the collateral is a certificated security, the debtor has or acquires possession of the security certificate;
(B) if the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or
(C) if the collateral is a security entitlement, the debtor is or becomes the entitlement holder.

RSA 382-A:9-314

Amended by 2023, 236:101, eff. 10/7/2023.
Amended by 2023, 236:47, eff. 10/7/2023.
Amended by 2022 , 281: 65, eff. 1/1/2023.

2001, 102:25, eff. July 1, 2001. 2006, 169:44, eff. Jan. 1, 2007.