Nevada § 104C.304 Effectiveness of actions taken before October 1, 2023

Nevada Statutes

§ 104C.304 — Effectiveness of actions taken before October 1, 2023

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

1.If action, other than the filing of a financing statement, is taken before October 1, 2023, and the action would have resulted in perfection of the security interest had the security interest become enforceable before October 1, 2023, the action is effective to perfect a security interest that attaches under chapter 505, Statutes of Nevada 2023, before July 1, 2025. An attached security interest becomes unperfected on July 1, 2025, unless the security interest becomes a perfected security interest under chapter 505, Statutes of Nevada 2023, before July 1, 2025.

2.The filing of a financing statement before October 1, 2023, is effective to perfect a security interest on October 1, 2023, to the extent the filing would satisfy the requirements for perfection under chapter 505, Statutes of

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1. If action, other than the filing of a financing statement, is taken before October 1, 2023, and the action would have resulted in perfection of the security interest had the security interest become enforceable before October 1, 2023, the action is effective to perfect a security interest that attaches under chapter 505, Statutes of Nevada 2023, before July 1, 2025. An attached security interest becomes unperfected on July 1, 2025, unless the security interest becomes a perfected security interest under chapter 505, Statutes of Nevada 2023, before July 1, 2025.
2. The filing of a financing statement before October 1, 2023, is effective to perfect a security interest on October 1, 2023, to the extent the filing would satisfy the requirements for perfection under chapter 505, Statutes of Nevada 2023.
3. The taking of an action before October 1, 2023, is sufficient for the enforceability of a security interest on October 1, 2023, if the action would satisfy the requirements for enforceability under chapter 505, Statutes of Nevada 2023.

Nevada § 104C.304 (Effectiveness of actions taken before October 1, 2023) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.