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Can you summarize NVRS 104.9328?
Uniform Commercial CodeOriginal Articles > Priority among conflicting security interests in same investment property.
Short Summary
This legal document, governed by the Nevada Revised Statutes, specifically under the Uniform Commercial CodeOriginal Articles, establishes rules for determining priority among conflicting security interests in the same investment property. The document outlines several scenarios and factors that determine the priority of security interests, such as control of investment property, perfection by taking delivery or control, and the type of collateral involved (e.g., securities, security entitlements, commodity contracts). It also specifies that security interests held by securities intermediaries or commodity intermediaries generally have priority over conflicting security interests held by other secured parties. Conflicting security interests granted by brokers, securities intermediaries, or commodity intermediaries that are perfected without control rank equally. In all other cases, priority among conflicting security interests in investment property is governed by other specified sections of the Nevada Revised Statutes. The document does not mention any specific exemptions or penalties.
Whom does it apply to?
Secured parties with conflicting security interests in investment property
What does it govern?
Priority among conflicting security interests in the same investment property
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada