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Priority of Security Interests in Letter-of-Credit Right.

RSA 382-A:9-329
in effect
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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.
Source: New Hampshire General Court (gc.nh.gov)URL: https://gc.nh.gov/rsa/html/XXXIV-A/382-A/382-A-9-329.htmFetched: 10/20/2026

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