1.After default, a secured party: (a)May take possession of the collateral; (b)If a debtor so agrees, may require the debtor to assemble the collateral and make it available to the secured party at a place to be designated by the secured party which is reasonably convenient to both parties; and (c)Without removal may render equipment unusable and dispose of collateral on a debtors premises under NRS 104.9610 . 2.A secured party may proceed under subsection 1: (a)Pursuant to judicial process; or (b)Without judicial process, if it proceeds without breach of the peace.

This legal document, part of the Nevada Revised Statutes under the Uniform Commercial Code, governs the disposition of collateral after default. It allows a secured party to sell, lease, license, or otherwise dispose of the collateral after default, either in its present condition or after preparation or processing. The disposition must be commercially reasonable, including the method, manner, time, place, and other terms. The secured party can choose to dispose of the collateral through public or private proceedings, contracts, as a unit or in parcels, and at any time and place.

This legal document, governed by the Nevada Revised Statutes, specifically under the Uniform Commercial CodeOriginal Articles, pertains to the requirement of notification before the disposition of collateral. It defines the ’notification date’ as the date on which a secured party sends an authenticated notification of disposition to the debtor and any secondary obligor, or when the debtor and any secondary obligor waive the right to notification. The document outlines that a secured party must send a reasonable authenticated notification of disposition to the debtor, any secondary obligor, and other specified parties if the collateral is other than consumer goods.

1.Except as otherwise provided in subsection 2, whether a notification is sent within a reasonable time is a question of fact. 2.In a transaction other than a consumer transaction, a notification of disposition sent after default and 10 days or more before the earliest time of disposition set forth in the notification is sent within a reasonable time before the disposition. (Added to NRS by 1999, 351)

This legal document governs the contents and form of notification that must be provided before the disposition of collateral, except in consumer-goods transactions. The document specifies the necessary information that must be included in the notification, such as describing the debtor and secured party, providing details about the collateral, stating the method of intended disposition, mentioning the debtor’s entitlement to an accounting of the unpaid indebtedness, and specifying the time and place of a public disposition or the time after which any other disposition is to be made.

This legal document outlines the rules and requirements for providing notification before the disposition of collateral in consumer-goods transactions. It applies to parties involved in such transactions. The notification must include specific information, such as details specified in NRS 104.9613, a description of liability for deficiency, contact information for redeeming the collateral, and contact information for additional information. The document provides a suggested form of notification, but it states that a particular phrasing is not required.

This legal document, part of the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, governs the application of proceeds of disposition, liability for deficiency, and the right to surplus. It outlines the order in which a secured party must apply the cash proceeds of disposition, including expenses, obligations secured by the security interest or agricultural lien, and obligations secured by subordinate security interests or other liens. The document also addresses the rights of consignors and the requirement for proof of subordinate security interests or liens.

This section of the Nevada Revised Statutes, specifically under the Uniform Commercial CodeOriginal Articles, governs the calculation of surplus or deficiency in consumer-goods transactions. It applies to secured parties, debtors, and consumer obligors involved in such transactions. The section defines the terms ‘Explanation’ and ‘Request’ and outlines the requirements for providing an explanation to the debtor or consumer obligor after the disposition of collateral. The explanation must include the amount of surplus or deficiency, the calculation method used by the secured party, the potential impact of future debits, credits, charges, and expenses, and contact information for additional transaction details.

1.A secured partys disposition of collateral after default: (a)Transfers to a transferee for value all of the debtors rights in the collateral; (b)Discharges the security interest under which the disposition is made; and (c)Discharges any subordinate security interest or other subordinate lien. 2.A transferee that acts in good faith takes free of the rights and interests described in subsection 1, even if the secured party fails to comply with this article or the requirements of any judicial proceeding.

1.A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor: (a)Receives an assignment of a secured obligation from the secured party; (b)Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or (c)Is subrogated to the rights of a secured party with respect to collateral. 2.An assignment, transfer or subrogation described in subsection 1: (a)Is not a disposition of collateral under NRS 104.