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Can you summarize NVRS 104.9311?
Uniform Commercial CodeOriginal Articles > Perfection of security interests in property subject to certain statutes, regulations and treaties.
Short Summary
This legal document pertains to the perfection of security interests in property that is subject to certain statutes, regulations, and treaties. It states that filing a financing statement is generally not necessary or effective to perfect a security interest in such property. Instead, compliance with the requirements of the relevant statute, regulation, or treaty is equivalent to filing a financing statement. The document specifies that a security interest in property subject to these laws can only be perfected by complying with their requirements, and such perfection remains even if there is a change in the use or possession of the collateral. The duration and renewal of perfection are governed by the applicable statute, regulation, or treaty, while other aspects of the security interest are subject to this document. However, there is an exemption for security interests in inventory held for sale or lease by a person in the business of selling goods of that kind. No specific penalties are mentioned in this document.
Whom does it apply to?
Creditors with security interests in property subject to specified statutes, regulations, and treaties
What does it govern?
Perfection of security interests in property subject to certain statutes, regulations, and treaties
What are exemptions?
This document does not apply to security interests in collateral that is inventory held for sale or lease by a person in the business of selling goods of that kind.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada