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RSA 382-A:4A-103 · Payment Order; Definitions
382-A:4A-103 Payment Order; Definitions. –
Copy link"Payment order" means an instruction of a sender to a receiving bank, transmitted orally,, or in a record, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if:
Copy linkthe instruction does not state a condition to payment to the beneficiary other than time of payment,
Copy linkthe receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from, the sender, and
Copy linkthe instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank.
Copy link"Beneficiary's bank" means the bank identified in a payment order in which an account of the beneficiary is to be credited pursuant to the order or which otherwise is to make payment to the beneficiary if the order does not provide for payment to an account.
Copy linkIf an instruction complying with subsection (a)(1) is to make more than one payment to a beneficiary, the instruction is a separate payment order with respect to each payment.
Copy linkA payment order is issued when it is sent to the receiving bank. Source. 1993, 346:7, eff. Jan. 1, 1994. 2022, 281:26, eff. Jan. 1, 2023.
Copy linkSource note
Source. 1993, 346:7, eff. Jan. 1, 1994. 2022, 281:26, eff. Jan. 1, 2023.
Source history
- 1993, 346:7, eff. Jan. 1, 1994
- 2022, 281:26, eff. Jan. 1, 2023
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Bill relationships
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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
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2026 HB1066-FN
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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
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2026 HB1748
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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
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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
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2026 SB56
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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