New Hampshire § 261:26 Assignment of Security Interest

New Hampshire Statutes

§ 261:26 — Assignment of Security Interest

New Hampshire·Title XXI MOTOR VEHICLES·Ch. 261 CERTIFICATES OF TITLE AND REGISTRATION OF VEHICLES·Subdivision Certificate of Title

I.A lienholder may assign, absolutely or otherwise, his security interest in the vehicle to a person other than the owner without affecting the interest of the owner or the validity of the security interest, but any person without notice of the assignment is protected in dealing with the lienholder as the holder of the security interest and the lienholder remains liable for any obligations as lienholder until the assignee is named as lienholder on the certificate.

II.The assignee may, but need not to perfect the assignment, have the certificate of title endorsed or issued with the assignee named as lienholder, upon delivering to the department the certificate and an assignment by the lienholder named in the certificate in the form the director prescribes.

Free access — add to your briefcase to read the full text and ask questions with AI

I. A lienholder may assign, absolutely or otherwise, his security interest in the vehicle to a person other than the owner without affecting the interest of the owner or the validity of the security interest, but any person without notice of the assignment is protected in dealing with the lienholder as the holder of the security interest and the lienholder remains liable for any obligations as lienholder until the assignee is named as lienholder on the certificate.
II. The assignee may, but need not to perfect the assignment, have the certificate of title endorsed or issued with the assignee named as lienholder, upon delivering to the department the certificate and an assignment by the lienholder named in the certificate in the form the director prescribes.

New Hampshire § 261:26 (Assignment of Security Interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.