Nevada § 104.9704 Security interest unperfected before July 1, 2001

Nevada Statutes

§ 104.9704 — Security interest unperfected before July 1, 2001

Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 104 Uniform· Transitional Provisions Regarding 2001 Amendments

A security interest that is enforceable immediately before July 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time: 1. Remains an enforceable security interest for 1 year after July 1, 2001; 2. Remains enforceable thereafter if the security interest becomes enforceable under NRS 104.9203 when this article as amended takes effect or within 1 year thereafter; and 3. Becomes perfected:

(a)Without further action, on July 1, 2001, if the applicable requirements for perfection under this article as amended are satisfied before or at that time; or

(b)When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.

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A security interest that is enforceable immediately before July 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time:
1. Remains an enforceable security interest for 1 year after July 1, 2001;
2. Remains enforceable thereafter if the security interest becomes enforceable under NRS 104.9203 when this article as amended takes effect or within 1 year thereafter; and
3. Becomes perfected:
(a) Without further action, on July 1, 2001, if the applicable requirements for perfection under this article as amended are satisfied before or at that time; or
(b) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.

Nevada § 104.9704 (Security interest unperfected before July 1, 2001) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.