A security interest that is an unperfected security interest immediately before July 1, 2013, becomes a perfected security interest: 1.Without further action, on that date if the applicable requirements for perfection under this article as amended are satisfied before or at that time; or 2.When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time. (Added to NRS by 2011, 605)

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.

This legal provision, found in the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, addresses the continuation of effectiveness of financing statements filed before July 1, 2013. According to the provision, the filing of an initial financing statement in the specified office continues the effectiveness of a financing statement filed prior to July 1, 2013, under certain conditions. These conditions include the filing of an initial financing statement that would be effective to perfect a security interest under the amended article, the pre-effective-date financing statement being filed in an office in another state, and the satisfaction of specific requirements outlined in subsection 3.

This section pertains to the effectiveness, amendment, and termination of financing statements filed before July 1, 2013. A pre-effective-date financing statement refers to a financing statement filed before this date. Starting from July 1, 2013, any changes to the collateral covered, effectiveness, or information provided in a pre-effective-date financing statement can only be made in accordance with the law of the jurisdiction governing perfection as provided in this article. The effectiveness of a pre-effective-date financing statement can also be terminated according to the law of the jurisdiction where the financing statement is filed.

A person may file an initial financing statement or a continuation statement under this part if: 1.The secured party of record authorizes the filing; and 2.The filing is necessary under this part: (a)To continue the effectiveness of a financing statement filed before July 1, 2013; or (b)To perfect or continue the perfection of a security interest. (Added to NRS by 2011, 608)

This article as amended determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2013, this article before amendment determines priority. (Added to NRS by 2011, 608)

This article may be cited as Uniform Commercial CodeFunds Transfers. (Added to NRS by 1991, 430)

Except as otherwise provided in NRS 104A.4108, this article applies to funds transfers defined in NRS 104A.4104. (Added to NRS by 1991, 430)

This legal document, part of the Nevada Revised Statutes, specifically falls under the Uniform Commercial CodeAdditional Articles. It defines and provides explanations for various terms related to payment orders. The document defines a ‘payment order’ as an instruction from a sender to a receiving bank to pay a fixed or determinable amount of money to a beneficiary. The instruction must not have any conditions other than the time of payment, and the receiving bank is reimbursed by debiting the sender’s account or receiving payment from the sender.

1.Funds transfer means the series of transactions, beginning with the originators payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originators bank or an intermediary bank intended to carry out the originators payment order. A funds transfer is completed by acceptance by the beneficiarys bank of a payment order for the benefit of the beneficiary of the originators payment order.