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Can you summarize NVRS 104.9516?
Uniform Commercial CodeOriginal Articles > What constitutes filing; effectiveness of filing.
Short Summary
This legal document pertains to the filing of records with a filing office. According to the document, communication of a record to a filing office and payment of the filing fee or acceptance of the record by the filing office constitutes filing. However, there are certain circumstances where filing does not occur, such as when the filing office refuses to accept the record due to various reasons outlined in subsection 2. The document also specifies requirements for different types of records, including initial financing statements, amendments, information statements, and continuation statements. It further clarifies that records that do not meet the filing office’s requirements may not be accepted for filing. Additionally, the document states that a record that is refused by the filing office for reasons other than those mentioned in subsection 2 is still effective as a filed record, except against a purchaser of the collateral who relies on the absence of the record from the files. No specific penalties are mentioned in the provided content.
Whom does it apply to?
Parties involved in filing records with a filing office
What does it govern?
Filing and effectiveness of filing
What are exemptions?
Records that do not meet the requirements specified by the filing office
What are the Penalties?
No penalties mentioned in the provided content
Jurisdiction
Nevada