Ask Reggi Your Question Now
Can you summarize NVRS 104.9514?
Uniform Commercial CodeOriginal Articles > Assignment of certain powers of secured party of record.
Short Summary
This legal document pertains to the assignment of certain powers of a secured party of record. It outlines the process by which an initial financing statement can reflect an assignment of the secured party’s power to authorize an amendment to the financing statement. Additionally, it allows a secured party of record to assign all or part of its power to authorize an amendment by filing an amendment of the financing statement. However, for security interests in fixtures covered by a mortgage of real property, an assignment of record can only be made through an assignment of record of the mortgage as provided by the law of the State. This document is governed by the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles.
Whom does it apply to?
Secured parties of record
What does it govern?
Assignment of certain powers of secured party of record
What are exemptions?
None mentioned
What are the Penalties?
No penalties mentioned
Jurisdiction
Nevada