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Can you summarize NVRS 104.9310?
Uniform Commercial CodeOriginal Articles > When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply.
Short Summary
This legal document outlines the filing requirements to perfect security interests and agricultural liens. It states that a financing statement must be filed to perfect all security interests and agricultural liens, unless specific exemptions apply. The exemptions include various scenarios where a security interest is already perfected under specific subsections of the Nevada Revised Statutes, such as when the property is subject to a statute, regulation, or treaty, when goods are in possession of a bailee, when certificated securities, documents, goods, or instruments are perfected without filing, control, or possession, and when collateral is in the secured party’s possession. Additionally, the document mentions exemptions related to certificated securities, deposit accounts, electronic chattel paper, electronic documents, investment property, letter-of-credit rights, and proceeds. No penalties are specified in this document.
Whom does it apply to?
Creditors with security interests or agricultural liens
What does it govern?
Filing requirements to perfect security interests and agricultural liens
What are exemptions?
There are several exemptions where filing a financing statement is not necessary to perfect a security interest, including when the interest is perfected under specific subsections of NRS 104.9308 and NRS 104.9312, when the property is subject to a statute, regulation, or treaty described in NRS 104.9311, when the goods are in possession of a bailee, when certificated securities, documents, goods, or instruments are perfected without filing, control, or possession, when collateral is in the secured party's possession, when a certificated security is perfected by delivery, when deposit accounts, electronic chattel paper, electronic documents, investment property, or letter-of-credit rights are perfected by control, when proceeds are perfected, or when the security interest is perfected under NRS 104.9316.
What are the Penalties?
No penalties are mentioned in this document.
Jurisdiction
Nevada