{"data":{"id":"us-nh/rsa-382-a-9-622","jurisdiction":"us-nh","citation":"RSA 382-A:9-622","heading":"Effect of Acceptance of Collateral.","body":"(a)Effect of acceptance. A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures:\n(1) discharges the obligation to the extent consented to by the debtor;\n(2) transfers to the secured party all of a debtor's rights in the collateral;\n(3) discharges the security interest or agricultural lien that is the subject of the debtor's consent and any subordinate security interest or other subordinate lien; and\n(4) terminates any other subordinate interest.\n(b)Discharge of subordinate interest notwithstanding noncompliance. A subordinate interest is discharged or terminated under subsection (a), even if the secured party fails to comply with this article.","path":["Title XXXIV-A: UNIFORM COMMERCIAL CODE","Chapter Part 6: Default"],"source_url":"https://gc.nh.gov/rsa/html/XXXIV-A/382-A/382-A-9-622.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T15:43:59Z","sha256":"93e25cec10854c4fdb6dc492ecf31e6f27cc56c5b35eb8762c267a8a6bf03684","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-382-a-9-621","next":"us-nh/rsa-382-a-9-623"},"notice":"GroundRules: Original legal text. Not legal advice."}