Nev. Rev. Stat. § 104.9314

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 104.9314 - Perfection by control
1. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, investment property or letter-of-credit rights may be perfected by control of the collateral under NRS 104.7106, 104.9104, 104.9106, 104.9107 or 104.910701.
2. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents or letter-of-credit rights is perfected by control under NRS 104.7106, 104.9104, 104.9107 or 104.910701 not earlier than the time the secured party obtains control and remains perfected by control only while the secured party retains control.
3. A security interest in investment property is perfected by control under NRS 104.9106 not earlier than the time the secured party obtains control and remains perfected by control until:
(a) The secured party does not have control; and
(b) One of the following occurs:
(1) If the collateral is a certificated security, the debtor has or acquires possession of the security certificate;
(2) If the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or
(3) If the collateral is a security entitlement, the debtor is or becomes the entitlement holder.

NRS 104.9314

Added to NRS by 1999, 309; A 2001, 62; 2005, 874; 2023, 3214
Amended by 2023, Ch. 505,§64, eff. 10/1/2023.
Added to NRS by 1999, 309; A 2001, 62; 2005, 874