Can you summarize NVRS 104.9336?
This section of the Nevada Revised Statutes, specifically under the Uniform Commercial CodeOriginal Articles, governs the concept of commingled goods. Commingled goods refer to goods that are physically combined with other goods in a way that their individual identity is lost. According to this section, a security interest does not exist in commingled goods themselves, but it may attach to the resulting product or mass when goods become commingled. If collateral becomes commingled goods, a security interest attaches to the product or mass.
Can you summarize NVRS 104.9337?
If, while a security
interest in goods is perfected by any method under the law of another
jurisdiction, this State issues a certificate of title that does not show that
the goods are subject to the security interest or contain a statement that they
may be subject to security interests not shown on the certificate: 1.A
buyer of the goods, other than a person in the business of selling goods of
that kind, takes free of the security interest if the buyer gives value and
receives delivery of the goods after issuance of the certificate and without
knowledge of the security interest; and 2.
Can you summarize NVRS 104.9338?
If a security interest or agricultural lien is
perfected by a filed financing statement providing information described in
paragraph (e) of subsection 2 of NRS
104.9516 which is incorrect at the time the financing statement is filed: 1.The security interest or agricultural
lien is subordinate to a conflicting perfected security interest in the
collateral to the extent that the holder of the conflicting security interest
gives value in reasonable reliance upon the incorrect information; and 2.
Can you summarize NVRS 104.9339?
This article does not preclude subordination
by agreement by a person entitled to priority. (Added to NRS by 1999,
322)
Can you summarize NVRS 104.9341?
Except
as otherwise provided in subsection 3 of NRS
104.9340 , and unless the bank otherwise agrees in an authenticated record,
a banks rights and duties with respect to a deposit account maintained with
the bank are not terminated, suspended or modified by: 1.The
creation, attachment or perfection of a security interest in the deposit
account; 2.The
banks knowledge of the security interest; or 3.The banks receipt of instructions from
the secured party.
Can you summarize NVRS 104.9342?
This article
does not require a bank to enter into an agreement of the kind described in
paragraph (b) of subsection 1 of NRS
104.9104 , even if its customer so requests or directs. A bank that has
entered into such an agreement is not required to confirm the existence of the
agreement to another person unless requested to do so by its customer. (Added to NRS by 1999,
323)
Can you summarize NVRS 104.9401?
1.Except as otherwise provided in
subsection 2 and NRS 104.9406 to 104.9409 , inclusive, whether a debtors
rights in collateral may be voluntarily or involuntarily transferred is
governed by law other than this article. 2.An agreement between the debtor and
secured party which prohibits a transfer of the debtors rights in collateral
or makes the transfer a default does not prevent the transfer from taking
effect. (Added to NRS by 1999,
323; A 2001,
62)
Can you summarize NVRS 104.9402?
The existence of a security interest,
agricultural lien, or authority given to a debtor to dispose of or use
collateral, without more, does not impose upon a secured party liability in
contract or tort for the debtors acts or omissions. (Added to NRS by 1999,
323)
Can you summarize NVRS 104.9403?
This legal document governs the enforceability of an agreement between an account debtor and an assignor not to assert any claim or defense against an assignee. The agreement is enforceable by an assignee who takes the assignment for value, in good faith, without notice of a claim of a property or possessory right to the assigned property, and without notice of a defense or claim in recoupment. However, the agreement is not enforceable with respect to defenses that may be asserted against a holder in due course of a negotiable instrument.
Can you summarize NVRS 104.9404?
This section of the Nevada Revised Statutes, under the Uniform Commercial CodeOriginal Articles, governs the rights acquired by an assignee and the claims and defenses that can be made against the assignee. The rights of an assignee are subject to the terms of the agreement between the account debtor and assignor, as well as any defense or claim in recoupment arising from the transaction that gave rise to the contract. Additionally, any defense or claim of the account debtor against the assignor that accrues before receiving a notification of the assignment can be asserted against the assignee.