Nev. Rev. Stat. § 104B.12101
Short title
This Article may be cited as the Uniform Commercial Code—Controllable Electronic Records.
Nevada Revised Statutes Chapter 104B — Uniform Commercial Code—Article 12-Controllable Electronic Records
Nevada · statute · Nev. Rev. Stat. ch. 104B · 7 active provisions
Provisions
Nev. Rev. Stat. § 104B.12102
Definitions
1. In this Article: (a) “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under NRS 104B.12105. The term does not include a controllable account, a controllable payment intangible, a deposit account, an electronic copy of a record evidencing chattel paper, a…
Nev. Rev. Stat. § 104B.12103
Relation to Article 9 and consumer laws
1. If there is a conflict between this Article and Article 9, Article 9 governs. 2. A transaction subject to this Article is subject to: (a) Any applicable rule of law that establishes a different rule for consumers; (b) Any other statute or regulation that regulates the rates, charges, agreements and practices for loa…
Nev. Rev. Stat. § 104B.12104
Rights in controllable account, controllable electronic record and controllable payment intangible
1. This section applies to the acquisition and purchase of rights in a controllable account or controllable payment intangible, including the rights and benefits under subsections 3, 4, 5, 7 and 8 of a purchaser and qualifying purchaser, in the same manner this section applies to a controllable electronic record. 2. To…
Nev. Rev. Stat. § 104B.12105
Control of controllable electronic record
1. A person has control of a controllable electronic record if the electronic record, a record attached to or logically associated with the electronic record or a system in which the electronic record is recorded: (a) Gives the person: (1) The power to avail itself of substantially all the benefit from the electronic r…
Nev. Rev. Stat. § 104B.12106
Discharge of account debtor on controllable account or controllable payment intangible
1. An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying: (a) The person having control of the controllable electronic record that evidences the controllable account or controllable payment intangible; or (b) Except as provided in subsection 2, a person th…
Nev. Rev. Stat. § 104B.12107
Governing law
1. Except as provided in subsection 2, the law of a controllable electronic record’s jurisdiction governs a matter covered by this Article. 2. For a controllable electronic record that evidences a controllable account or controllable payment intangible, the law of the controllable electronic record’s jurisdiction gover…