This RSA section is an unofficial mirror, is not legal advice, and may be incomplete, outdated, or incorrectly processed.

RSA 382-A:4-210 · Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds

Title: XXXIV-A: UNIFORM COMMERCIAL CODE
Chapter: 382-A · UNIFORM COMMERCIAL CODE
Status: current
Official source linked: Yes

Official source Copy section link

382-A:4-210 Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds. –

Copy link

(a)

A collecting bank has a security interest in an item and any accompanying documents or the proceeds of either:

Copy link

(1)

in case of an item deposited in an account, to the extent to which credit given for the item has been withdrawn or applied;

Copy link

(2)

in case of an item for which it has given credit available for withdrawal as of right, to the extent of the credit given, whether or not the credit is drawn upon or there is a right of charge-back; or

Copy link

(3)

if it makes an advance on or against the item.

Copy link

(b)

If credit given for several items received at one time or pursuant to a single agreement is withdrawn or applied in part, the security interest remains upon all the items, any accompanying documents or the proceeds of either. For the purpose of this section, credits first given are first withdrawn.

Copy link

(c)

Receipt by a collecting bank of a final settlement for an item is a realization on its security interest in the item, accompanying documents, and proceeds. So long as the bank does not receive final settlement for the item or give up possession of the item or possession or control of the accompanying documents for purposes other than collection, the security interest continues to that extent and is subject to Article 9, but:

Copy link

(1)

no security agreement is necessary to make the security interest enforceable (Section 9-203(b)(3)(A));

Copy link

(2)

no filing is required to perfect the security interest; and

Copy link

(3)

the security interest has priority over conflicting perfected security interests in the item, accompanying documents, or proceeds. Source. 1993, 346:1. 2001, 102:15. 2006, 169:33, eff. Jan. 1, 2007.

Copy link

Source note

Source. 1993, 346:1. 2001, 102:15. 2006, 169:33, eff. Jan. 1, 2007.

Source history

1993, 346:1
2001, 102:15
2006, 169:33, eff. Jan. 1, 2007

Related materials

Bill relationships

2026 HB1066 reference
installment sale, or other similar agreement to acquire use or ownership of such equipment as is from time to time required by the municipality. For purposes of this section and RSA 382-A, building or facility improvements related to the installation, purpose, or operation of such equipment shall be deemed to constitute equipment and the costs of such improvements may be financed through lease agreements
2026 HB1066-FN reference
installment sale, or other similar agreement to acquire use or ownership of such equipment as is from time to time required by the municipality. For purposes of this section and RSA 382-A, building or facility improvements related to the installation, purpose, or operation of such equipment shall be deemed to constitute equipment and the costs of such improvements may be financed through lease agreements
2026 HB1748 reference · effective 2027-01-01
V. Any mortgage, pledge, or security interest made by the authority under this chapter shall be valid and binding and shall be deemed continuously perfected for the purposes of RSA 382-A and all other laws from the time when the mortgage, pledge, or security interest is made. The property or revenues so mortgaged, pledged, or subjected to a security interest then held or thereafter acquired or received
2026 HB1748-FN reference · effective 2027-01-01
V. Any mortgage, pledge, or security interest made by the authority under this chapter shall be valid and binding and shall be deemed continuously perfected for the purposes of RSA 382-A and all other laws from the time when the mortgage, pledge, or security interest is made. The property or revenues so mortgaged, pledged, or subjected to a security interest then held or thereafter acquired or received
2026 SB56 reference · effective 2031-07-01
rfected from the time when the security document is executed with or without any subsequent physical delivery or segregation of the money and without any filing or recording under RSA 382-A or otherwise] A pledge of property, revenues, or other collateral by the authority to secure the payment of principal or redemption price of, or interest on, any bonds, or any reimbursement or similar agreement with any