NH Rev Stat § 382-A:9-322 (2021)
2021 New Hampshire Revised Statutes|Title XXXIV-A - Uniform Commercial Code|Title 382-A - Uniform Commercial Code|Section 382-A:9-322 - Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral.

    382-A:9-322 Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral. –||(a) General priority rules. Except as otherwise provided in this section, priority among conflicting security interests and agricultural liens in the same collateral is determined according to the following rules:||(1) Conflicting perfected security interests and agricultural liens rank according to priority in time of filing or perfection. Priority dates from the earlier of the time a filing covering the collateral is first made or the security interest or agricultural lien is first perfected, if there is no period thereafter when there is neither filing nor perfection.||(2) A perfected security interest or agricultural lien has priority over a conflicting unperfected security interest or agricultural lien.||(3) The first security interest or agricultural lien to attach or become effective has priority if conflicting security interests and agricultural liens are unperfected.||(b) Time of perfection: proceeds and supporting obligations. For the purposes of subsection (a)(1):||(1) the time of filing or perfection as to a security interest in collateral is also the time of filing or perfection as to a security interest in proceeds; and||(2) the time of filing or perfection as to a security interest in collateral supported by a supporting obligation is also the time of filing or perfection as to a security interest in the supporting obligation.||(c) Special priority rules: proceeds and supporting obligations. Except as otherwise provided in subsection (f), a security interest in collateral which qualifies for priority over a conflicting security interest under Section 9-327, 9-328, 9-329, 9-330, or 9-331 also has priority over a conflicting security interest in:||(1) any supporting obligation for the collateral; and||(2) proceeds of the collateral if:||(A) the security interest in proceeds is perfected;||(B) the proceeds are cash proceeds or of the same type as the collateral; and||(C) in the case of proceeds that are proceeds of proceeds, all intervening proceeds are cash proceeds, proceeds of the same type as the collateral, or an account relating to the collateral.||(d) First-to-file priority rule for certain collateral. Subject to subsection (e) and except as otherwise provided in subsection (f), if a security interest in chattel paper, deposit accounts, negotiable documents, instruments, investment property, or letter-of-credit rights is perfected by a method other than filing, conflicting perfected security interests in proceeds of the collateral rank according to priority in time of filing.||(e) Applicability of subsection (d). Subsection (d) applies only if the proceeds of the collateral are not cash proceeds, chattel paper, negotiable documents, instruments, investment property, or letter-of-credit rights.||(f) Limitations on subsections (a) through (e). Subsections (a) through (e) are subject to:||(1) subsection (g) and the other provisions of this part;||(2) Section 4-210 with respect to a security interest of a collecting bank;||(3) Section 5-118 with respect to a security interest of an issuer or nominated person; and||(4) Section 9-110 with respect to a security interest arising under Article 2 or 2A.||(g) Priority under agricultural lien statute. A perfected agricultural lien on collateral has priority over a conflicting security interest in or agricultural lien on the same collateral if the statute creating the agricultural lien so provides.|||Source. 2001, 102:25, eff. July 1, 2001.|