Nev. Rev. Stat. § 104C.101
Short title
This Article may be cited as Transitional Provisions for Uniform Commercial Code Amendments (2022).
Nevada Revised Statutes Chapter 104C — Uniform Commercial Code—Article a-Transitional Provisions for Uniform Commercial Code Amendments (2022)
Nevada · statute · Nev. Rev. Stat. ch. 104C · 9 active provisions
Provisions
Nev. Rev. Stat. § 104C.102
Definitions
1. In this Article: (a) “Article 12” means Article 12 of the Uniform Commercial Code. (b) “Article 12 property” means a controllable account, controllable electronic record or controllable payment intangible. 2. The following definitions in other Articles of the Uniform Commercial Code apply to this Article: “Controlla…
Nev. Rev. Stat. § 104C.201
Saving clause
Except as provided in Part 3, a transaction validly entered into before October 1, 2023, and the rights, duties and interests flowing from the transaction remain valid thereafter and may be terminated, completed, consummated or enforced as required or permitted by law other than the Uniform Commercial Code or, if appli…
Nev. Rev. Stat. § 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…
Nev. Rev. Stat. § 104C.302
Security interest perfected before October 1, 2023
1. A security interest that is enforceable and perfected immediately before October 1, 2023, is a perfected security interest under chapter 505, Statutes of Nevada 2023, if, on October 1, 2023, the requirements for enforceability and perfection under chapter 505, Statutes of Nevada 2023, are satisfied without further a…
Nev. Rev. Stat. § 104C.303
Security interest unperfected before October 1, 2023
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, Statute…
Nev. Rev. Stat. § 104C.304
Effectiveness of actions taken before October 1, 2023
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…
Nev. Rev. Stat. § 104C.305
Priority
1. Subject to subsections 2 and 3, chapter 505, Statutes of Nevada 2023, determines the priority of conflicting claims to collateral. 2. Subject to subsection 3, if the priorities of claims to collateral were established before October 1, 2023, Article 9, as in effect before October 1, 2023, determines priority. 3. On…
Nev. Rev. Stat. § 104C.306
Priority of claims when priority rules of Article 9 do not apply
1. Subject to subsections 2 and 3, Article 12 determines the priority of conflicting claims to Article 12 property when the priority rules of Article 9, as amended by chapter 505, Statutes of Nevada 2023, do not apply. 2. Subject to subsection 3, when the priority rules of Article 9, as amended by chapter 505, Statutes…