§ 104C.301 — Saving clause

1. Except as provided in this Part, Article 9, as amended by chapter 505, Statutes of Nevada 2023, and Article 12 apply to a transaction, lien or other interest in property, even if the transaction, lien or interest was entered into, created or acquired before October 1, 2023.
2. Except as provided in subsection 3 and NRS 104C.302 to 104C.306 , inclusive:
(a) A transaction, lien or interest in property that was validly entered into, created or transferred before October 1, 2023, and was not governed by the Uniform Commercial Code, but would be subject to Article 9, as amended by chapter 505, Statutes of Nevada 2023, or Article 12 if it had been entered into, created or transferred on or after October 1, 2023, including the rights, duties and interests flowing from the transaction, lien or interest, remains valid on and after October 1, 2023; and
(b) The transaction, lien or interest may be terminated, completed, consummated and enforced as required or permitted by chapter 505, Statutes of Nevada 2023, or by the law that would apply if chapter 505, Statutes of Nevada 2023, had not taken effect.
3. Chapter 505, Statutes of Nevada 2023, does not affect an action, case or proceeding commenced before October 1, 2023.

Legislative History

(Added to NRS by 2023, 3174 )