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Can you summarize NVRS 104.9336?
Uniform Commercial CodeOriginal Articles > Commingled goods.
Short Summary
This section of the Nevada Revised Statutes, specifically under the Uniform Commercial CodeOriginal Articles, governs the concept of commingled goods. Commingled goods refer to goods that are physically combined with other goods in a way that their individual identity is lost. According to this section, a security interest does not exist in commingled goods themselves, but it may attach to the resulting product or mass when goods become commingled. If collateral becomes commingled goods, a security interest attaches to the product or mass. If a security interest in collateral is perfected before it becomes commingled goods, the security interest that attaches to the product or mass is also perfected. The priority of a security interest that attaches to the product or mass is determined by the provisions of this part, with certain rules for multiple security interests. This section provides clarity on the treatment of commingled goods and the attachment and priority of security interests in such cases.
Whom does it apply to?
Creditors and individuals involved in commercial transactions
What does it govern?
Commingled goods
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada