HB427 Relative to amending the uniform commercial code.
Relative to amending the uniform commercial code.
Impact Score — How Does This Bill Affect You?
Overall Impact Score
Concerning
Scale: 1 (harmful) to 10 (beneficial)
Your Wallet
The bill affects commercial priority rules for securities intermediaries and creditors but has no direct financial impact on typical NH households or taxpayers.
Your Community
This is a commercial code amendment affecting business transactions and does not impact local communities, schools, or public services.
Your Freedom
The bill is a technical commercial code change that does not restrict or expand individual rights or local control.
Status
Refer for Interim Study: Motion Adopted Voice Vote 01/07/2026 House Journal 1 P. 45
Sponsor
JD Bernardy (R)
The Short Version
This bill amends New Hampshire's commercial code to specify that NH law governs certain investment securities transactions and changes the priority of claims when a securities intermediary cannot satisfy both customer entitlements and creditor claims—giving customer claims priority over creditor claims. The practical impact is limited to businesses and sophisticated investors engaged in securities and secured lending transactions.
Who's Behind This Bill?
Who Benefits
- ▲ Securities customers and entitlement holders (who gain priority over creditors in insolvency scenarios)
- ▲ Investors using NH-based or NH-regulated securities intermediaries
Who Pays the Price
- ▼ Creditors of securities intermediaries (whose claims rank lower in priority disputes)
- ▼ Potentially securities intermediaries operating in NH (facing stricter priority rules favoring customers)
Bill statuses as of October 7, 2026. Check LegiScan or NH General Court for the latest.
This bill was auto-scored using AI analysis of the bill text and legislative data. Scores may be refined as we review more bills.