Nevada § 104C.303 Security interest unperfected before October 1, 2023

Nevada Statutes

§ 104C.303 — Security interest unperfected before October 1, 2023

Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 104C Uniform· TRANSITIONAL PROVISIONS FOR ARTICLES 9 AND 12

A security interest that is enforceable immediately before October 1, 2023, but is unperfected at that time: 1. Remains an enforceable security interest until July 1, 2025; 2. Remains enforceable thereafter if the security interest becomes enforceable under NRS 104.9203 , as amended by section 52 of chapter 505, Statutes of Nevada 2023, on October 1, 2023, or before July 1, 2025; and 3. Becomes perfected:

(a)Without further action, on October 1, 2023, if the requirements for perfection under chapter 505, Statutes of Nevada 2023, are satisfied before or at that time; or

(b)When the 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 October 1, 2023, but is unperfected at that time:
1. Remains an enforceable security interest until July 1, 2025;
2. Remains enforceable thereafter if the security interest becomes enforceable under NRS 104.9203 , as amended by section 52 of chapter 505, Statutes of Nevada 2023, on October 1, 2023, or before July 1, 2025; and
3. Becomes perfected:
(a) Without further action, on October 1, 2023, if the requirements for perfection under chapter 505, Statutes of Nevada 2023, are satisfied before or at that time; or
(b) When the requirements for perfection are satisfied if the requirements are satisfied after that time.

Nevada § 104C.303 (Security interest unperfected before October 1, 2023) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.