Nevada Revised Statutes Section 104.9110 - Commercial Instruments and Transactions

Applicability to security interests arising under article 2 or 2A. A security interest arising under NRS 104.2401, 104.2505, subsection 3 of 104.2711, or subsection 5 of NRS 104A.2508 is subject to this article. However, until the debtor obtains possession of the goods:

1. The security interest is enforceable, even if paragraph (c) of subsection 2 of NRS 104.9203 has not been satisfied;

2. Filing is not required to perfect the security interest;

3. The rights of the secured party after default by the debtor are governed by article 2 or 2A; and

4. The security interest has priority over a conflicting security interest created by the debtor.

Last modified: February 27, 2006