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Can you summarize NVRS 104.9303?
Uniform Commercial CodeOriginal Articles > Determination of law governing perfection and priority of security interests in goods covered by certificate of title.
Short Summary
This section of the Nevada Revised Statutes, under the Uniform Commercial CodeOriginal Articles, governs the perfection and priority of security interests in goods covered by a certificate of title. It applies to goods that are covered by a certificate of title, regardless of any other relationship between the jurisdiction issuing the certificate and the goods or debtor. Goods become covered by a certificate of title upon the submission of a valid application and applicable fee to the appropriate authority. They cease to be covered when the certificate of title is no longer effective under the issuing jurisdiction’s law or when they become covered by a certificate of title from another jurisdiction. The law of the jurisdiction under whose certificate of title the goods are covered determines the perfection, effect, and priority of a security interest in the goods from the time they become covered until they cease to be covered by the certificate of title.
Whom does it apply to?
Goods covered by a certificate of title
What does it govern?
Perfection and priority of security interests in goods covered by a certificate of title
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada