Nevada § 107A.340 Perfection and priority of assignee’s security interest in proceeds

Nevada Statutes

§ 107A.340 — Perfection and priority of assignee’s security interest in proceeds

Nevada § 107A.340

Title 9SECURITY INSTRUMENTS OF PUBLIC UTILITIES; MORTGAGES;

Ch. 107AAssignment

ASSIGNMENT OF RENTS

This text of Nevada § 107A.340 (Perfection and priority of assignee’s security interest in proceeds) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 107A.340 (2026).

Text

1. An assignee’s security interest in identifiable cash proceeds is perfected if its security interest in rents is perfected. An assignee’s security interest in identifiable noncash proceeds is perfected only if the assignee perfects that interest in accordance with Article 9. 2. Except as otherwise provided in subsection 3, priority between an assignee’s security interest in identifiable proceeds and a conflicting interest is governed by the priority rules in Article 9. 3. An assignee’s perfected security interest in identifiable cash proceeds is subordinate to a conflicting interest that is perfected by control under Article 9 but has priority over a conflicting interest that is perfected other than by control. 4. As used in this section:

(a)“Article 9” means NRS 104.9101 to 104.9709 ,

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1. An assignee’s security interest in identifiable cash proceeds is perfected if its security interest in rents is perfected. An assignee’s security interest in identifiable noncash proceeds is perfected only if the assignee perfects that interest in accordance with Article 9.
2. Except as otherwise provided in subsection 3, priority between an assignee’s security interest in identifiable proceeds and a conflicting interest is governed by the priority rules in Article 9.
3. An assignee’s perfected security interest in identifiable cash proceeds is subordinate to a conflicting interest that is perfected by control under Article 9 but has priority over a conflicting interest that is perfected other than by control.
4. As used in this section:
(a) “Article 9” means NRS 104.9101 to 104.9709 , inclusive, or, to the extent applicable to any particular issue, Article 9 of the Uniform Commercial Code as adopted by the state whose laws govern that issue under the choice-of-laws rules contained in NRS 104.9101 to 104.9709 , inclusive.
(b) “Conflicting interest” means an interest in proceeds, held by a person other than an assignee, that is:
(1) A security interest arising under Article 9; or
(2) Any other interest if Article 9 resolves the priority conflict between that person and a secured party with a conflicting security interest in the proceeds.