{"data":{"id":"us-nh/rsa-382-a-8-103","jurisdiction":"us-nh","citation":"RSA 382-A:8-103","heading":"Rules for Determining Whether Certain Obligations and Interests are Securities or Financial Assets.","body":"(a) A share or similar equity interest issued by a corporation, business trust, joint stock company, or similar entity is a security.\n(b) An \"investment company security\" is a security. \"Investment company security\" means a share or similar equity interest issued by an entity that is registered as an investment company under the federal investment company laws, an interest in a unit investment trust that is so registered, or a face-amount certificate issued by a face-amount certificate company that is so registered. Investment company security does not include an insurance policy or endowment policy or annuity contract issued by an insurance company.\n(c) An interest in a partnership or limited liability company is not a security unless it is dealt in or traded on securities exchanges or in securities markets, its terms expressly provide that it is a security governed by this Article, or it is an investment company security. However, an interest in a partnership or limited liability company is a financial asset if it is held in a securities account.\n(d) A writing that is a security certificate is governed by this Article and not by Article 3, even though it also meets the requirements of that Article. However, a negotiable instrument governed by Article 3 is a financial asset if it is held in a securities account.\n(e) An option or similar obligation issued by a clearing corporation to its participants is not a security, but is a financial asset.\n(f) A commodity contract, as defined in Section 9-102(a)(15), is not a security or a financial asset.\n(g) A document of title is not a financial asset unless Section 8-102(a)(9)(iii) applies.\n(h) A controllable account, controllable electronic record, or controllable payment intangible is not a financial asset unless Section 8-102(a)(9)(iii) applies.","path":["Title XXXIV-A: UNIFORM COMMERCIAL CODE","Chapter Part 1: Short Title and General Matters"],"source_url":"https://gc.nh.gov/rsa/html/XXXIV-A/382-A/382-A-8-103.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T15:43:59Z","sha256":"2933448efa10b241a9f8c3677c8205b9ead54f37cfa878a928eee0f98fffd856","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-382-a-8-102","next":"us-nh/rsa-382-a-8-104"},"notice":"GroundRules: Original legal text. Not legal advice."}