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Can you summarize NVRS 104.9702?
Uniform Commercial CodeOriginal Articles > Applicability of amendatory provisions to preexisting transactions, liens, actions, cases and proceedings.
Short Summary
This legal provision, as amended, applies to transactions or liens within the scope of the Uniform Commercial CodeOriginal Articles, regardless of whether they were entered into or created before the amendments take effect. Transactions and liens that were not governed by this article before July 1, 2001, but were validly entered into or created before that date, remain valid and may be terminated, completed, consummated, or enforced as required or permitted by this article or by the law that would apply if this article had not taken effect. However, this amendment does not affect any action, case, or proceeding commenced before July 1, 2001.
Whom does it apply to?
All transactions or liens within the scope of the Uniform Commercial CodeOriginal Articles
What does it govern?
Transactions or liens within the scope of the Uniform Commercial CodeOriginal Articles
What are exemptions?
None mentioned
What are the Penalties?
No penalties mentioned
Jurisdiction
Nevada