Section 382-A:9-628 – Nonliability and Limitation on Liability of Secured Party; Liability of Secondary Obligor.
[RSA 382-A:9-628 effective until January 1, 2023; see also RSA 382-A:9-628 set out below.] 382-A:9-628 Nonliability and Limitation on Liability of Secured Party; Liability of Secondary Obligor. – (a) Limitation of liability of secured party for noncompliance with article. Unless a secured party knows that a person is a debtor or obligor, knows the […]
Section 382-A:9-701 – Effective Date.
382-A:9-701 Effective Date. – 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 […]
Section 382-A:9-702 – Savings Clause.
382-A:9-702 Savings Clause. – (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) Continuing validity. Except as otherwise provided in subsection (c) and […]
Section 382-A:9-618 – Rights and Duties of Certain Secondary Obligors.
382-A:9-618 Rights and Duties of Certain Secondary Obligors. – (a) Rights and duties of secondary obligor. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor: (1) receives an assignment of a secured obligation from the secured party; (2) receives a transfer of […]
Section 382-A:9-619 – Transfer of Record or Legal Title.
382-A:9-619 Transfer of Record or Legal Title. – (a) "Transfer statement." In this section, " transfer statement " means a record authenticated by a secured party stating: (1) that the debtor has defaulted in connection with an obligation secured by specified collateral; (2) that the secured party has exercised its post-default remedies with respect […]
Section 382-A:9-620 – Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral.
382-A:9-620 Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral. – (a) Conditions to acceptance in satisfaction. Except as otherwise provided in subsection (g), a secured party may accept collateral in full or partial satisfaction of the obligation it secures only if: (1) the debtor consents to the acceptance […]
Section 382-A:9-621 – Notification of Proposal to Accept Collateral.
382-A:9-621 Notification of Proposal to Accept Collateral. – (a) Persons to which proposal to be sent. A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to: (1) any person from which the secured party has received, before the debtor consented to […]
Section 382-A:9-622 – Effect of Acceptance of Collateral.
382-A:9-622 Effect of Acceptance of Collateral. – (a) Effect of acceptance. A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures: (1) discharges the obligation to the extent consented to by the debtor; (2) transfers to the secured party all of a debtor’s rights in the collateral; (3) […]
Section 382-A:9-623 – Right to Redeem Collateral.
382-A:9-623 Right to Redeem Collateral. – (a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) Requirements for redemption. To redeem collateral, a person shall tender: (1) fulfillment of all obligations secured by the collateral; and (2) the reasonable expenses and attorney’s fees […]
Section 382-A:9-624 – Waiver.
382-A:9-624 Waiver. – (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 authenticated after default. (b) Waiver of mandatory disposition. A debtor may waive the right to require disposition of […]