NH HB427

Establishes that New Hampshire state law governs certain Uniform Commercial Code (UCC) transactions involving securities intermediaries, replacing previous provisions that allowed the securities intermediary's jurisdiction to determine applicable law

Repeals and reenacts choice of law provisions in RSA 382-A:8-110, specifying that the local law of the issuer's jurisdiction governs matters even if the transaction has no relation to that jurisdiction

Prioritizes entitlement holders' claims over creditors' claims when a securities intermediary lacks sufficient financial assets to satisfy both obligations, removing previous exceptions under Section 8-511

Amends the definition of "deposit account" to explicitly exclude programmable mediums of exchange (such as cryptocurrencies) in addition to existing exclusions for investment property and instruments

Takes effect 60 days after passage