Can you summarize NVRS 104.9708?

Short Summary

1. NRS 104.9101 to 104.9709 , inclusive, determine the priority of conflicting claims to collateral. However, if the relative priorities of the parties were fixed before July 1, 2001, the provisions of article 9 which were in effect before July 1, 2001, determine priority. 2.For purposes of subsection 1 of NRS 104.9322 , the priority of a security interest that becomes enforceable under NRS 104.9203 dates from July 1, 2001, if the security interest is perfected under this article as amended by the filing of a financing statement before July 1, 2001, which would not have been effective to perfect the security interest under the provisions of article 9 which were in effect before that date. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement. (Added to NRS by 1999, 364)

Jurisdiction

Nevada

Source

• Banking