New Hampshire Revised Statutes 382-A:13-301 – Saving Clause
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(a) Pre-effective date transaction, lien, or interest. Except as provided in this part, Article 9 as amended by this act and Article 12 apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered into, created, or acquired before the effective date of this article.
(b) Continuing validity. Except as provided in subsection (c) and sections 13-302 through 13-306:
(1) a transaction, lien, or interest in property that was validly entered into, created, or transferred before the effective date of this article, and was not governed by the Uniform Commercial Code, but would be subject to Article 9 as amended in this act or Article 12 if it had been entered into, created, or transferred on or after the effective date of this act, including the rights, duties and interests, flowing from the transaction lien, or interest, remains valid on and after the effective date of this act; and
(2) the transaction, lien, or interest may be terminated, completed, consummated, and enforced as required or permitted by this act or by the law that would apply if this act had not taken effect.
(c) Pre-effective date proceeding. This article does not affect an action case, or proceeding commenced from before the effective date of this article.
(b) Continuing validity. Except as provided in subsection (c) and sections 13-302 through 13-306:
Terms Used In New Hampshire Revised Statutes 382-A:13-301
- Lien: A claim against real or personal property in satisfaction of a debt.
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
(1) a transaction, lien, or interest in property that was validly entered into, created, or transferred before the effective date of this article, and was not governed by the Uniform Commercial Code, but would be subject to Article 9 as amended in this act or Article 12 if it had been entered into, created, or transferred on or after the effective date of this act, including the rights, duties and interests, flowing from the transaction lien, or interest, remains valid on and after the effective date of this act; and
(2) the transaction, lien, or interest may be terminated, completed, consummated, and enforced as required or permitted by this act or by the law that would apply if this act had not taken effect.
(c) Pre-effective date proceeding. This article does not affect an action case, or proceeding commenced from before the effective date of this article.