Nevada § 104.9329 Priority among conflicting security interests in same letter-of-credit right

Nevada Statutes

§ 104.9329 — Priority among conflicting security interests in same letter-of-credit right

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

The following rules govern priority among conflicting security interests in the same letter-of-credit right:

1.A security interest held by a secured party having control of the letter-of-credit right under NRS 104.9107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.

2.Security interests perfected by control under NRS 104.9314 rank according to priority in time of obtaining control.

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The following rules govern priority among conflicting security interests in the same letter-of-credit right:
1. A security interest held by a secured party having control of the letter-of-credit right under NRS 104.9107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.
2. Security interests perfected by control under NRS 104.9314 rank according to priority in time of obtaining control.

Nevada § 104.9329 (Priority among conflicting security interests in same letter-of-credit right) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.