There is a newer version of the New Hampshire Revised Statutes
2010 New Hampshire Statutes
TITLE XXXIV-A UNIFORM COMMERCIAL CODE
CHAPTER 382-A UNIFORM COMMERCIAL CODE
Section 382-A:9-329 Priority of Security Interests in Letter-of-Credit Right.
NH Rev Stat § 382-A:9-329 (1996 through Reg Sess) What's This?
382-A:9-329 Priority of Security Interests in Letter-of-Credit Right. – The following rules govern priority among conflicting security interests in the same letter-of-credit right:
(1) A security interest held by a secured party having control of the letter-of-credit right under Section 9-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.
(2) Security interests perfected by control under Section 9-314 rank according to priority in time of obtaining control.
Source. 2001, 102:25, eff. July 1, 2001.
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