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Can you summarize NVRS 104.9713?
Uniform Commercial CodeOriginal Articles > Effectiveness of action taken before July 1, 2013.
Short Summary
This legal document pertains to the effectiveness of action taken before July 1, 2013, in relation to filing financing statements and perfecting security interests. It states that a financing statement filed before July 1, 2013, is effective to perfect a security interest to the extent it satisfies the applicable requirements for perfection under the amended article. Additionally, an effective financing statement filed before July 1, 2013, is not rendered ineffective by the amended article. However, the financing statement ceases to be effective at a certain time depending on whether it is filed in the same state or another jurisdiction. The document also addresses the filing of continuation statements after July 1, 2013, and the continuation of effectiveness for financing statements filed before that date. It further explains the application of subparagraph (2) of paragraph (b) of subsection 2 to financing statements filed against a transmitting utility. Lastly, it mentions the effectiveness of a financing statement that includes both a financing statement filed before July 1, 2013, and a continuation statement filed on or after that date. No specific penalties or exemptions are mentioned in this document.
Whom does it apply to?
Parties involved in filing financing statements and security interests
What does it govern?
Effectiveness of action taken before July 1, 2013
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada