Territorial application of this chapter; parties’ power to choose applicable law.
1. Except as otherwise provided in this section, when a transaction bears a reasonable relation to this State and also to another state or nation, the parties may agree that the law of this State or of such other state or nation governs their rights and duties. Failing such agreement, this chapter applies to transactions bearing an appropriate relation to this State.
2. Where one of the following provisions of this chapter specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the law (including the conflict of laws rules) so specified:
Rights of creditors against sold goods. NRS 104.2402.
Applicability of the article on leases. NRS 104A.2105 and 104A.2106.
Applicability of the article on bank deposits and collections. NRS 104.4102.
Letters of credit. NRS 104.5116.
Applicability of the article on investment securities. NRS 104.8110.
Law governing perfection, the effect of perfection or nonperfection and the priority of security interests and agricultural liens. NRS 104.9301 to 104.9307, inclusive.
Governing law in the article on funds transfers. NRS 104A.4507.
Last modified: February 27, 2006