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Can you summarize NVRS 104.9505?
Uniform Commercial CodeOriginal Articles > Filing of financing statement in compliance with other statutes and treaties for consignments, leases, other bailments and other transactions.
Short Summary
This legal document governs the filing of financing statements in compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. It applies to consignors, lessors, bailors, licensors, and buyers of payment intangibles or promissory notes. The document allows these parties to file a financing statement or comply with specified statutes or treaties using specific terms related to their roles instead of the terms ‘secured party’ and ‘debtor.’ The filing or compliance is not a determining factor in whether the collateral secures an obligation, but if it is determined for another reason that the collateral secures an obligation, a security interest held by the mentioned parties is perfected by the filing or compliance.
Whom does it apply to?
Consignors, lessors, bailors, licensors, buyers of payment intangibles or promissory notes
What does it govern?
Filing of financing statement in compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada