Nevada § 104.9325 Priority of security interests in transferred collateral

Nevada Statutes

§ 104.9325 — Priority of security interests in transferred collateral

Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 104 Uniform· Perfection and Priority

1. Except as otherwise provided in subsection 2, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:

(a)The debtor acquired the collateral subject to the security interest created by the other person;

(b)The security interest created by the other person was perfected when the debtor acquired the collateral; and

(c)There is no period thereafter when the security interest is unperfected. 2. Subsection 1 subordinates a security interest only if the security interest:

(a)Otherwise would have priority solely under subsection 1 of NRS 104.9322 or NRS 104.9324 ; or

(b)Arose solely under subsection 3 of NRS 104.2711 or subsection 5 of NRS 104A.2508 .

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1. Except as otherwise provided in subsection 2, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:
(a) The debtor acquired the collateral subject to the security interest created by the other person;
(b) The security interest created by the other person was perfected when the debtor acquired the collateral; and
(c) There is no period thereafter when the security interest is unperfected.
2. Subsection 1 subordinates a security interest only if the security interest:
(a) Otherwise would have priority solely under subsection 1 of NRS 104.9322 or NRS 104.9324 ; or
(b) Arose solely under subsection 3 of NRS 104.2711 or subsection 5 of NRS 104A.2508 .

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