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Nev. Rev. Stat. § 104.9208

Additional duties of secured party having control of collateral

Nevada · Nevada Revised Statutes Chapter 104 — Uniform Commercial Code—Original Articles · Status: effective

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Nev. Rev. Stat. § 104.9208, Additional duties of secured party having control of collateral, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2079605
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If there is no outstanding secured obligation and the secured party is not committed to make advances, incur obligations or otherwise give value, within 10 days after receiving a signed demand by the debtor: 1. A secured party having control of a deposit account under paragraph (b) of subsection 1 of NRS 104.9104 shall send to the bank with which the deposit account is maintained a signed record that releases the bank from any further obligation to comply with instructions originated by the secured party; 2. A secured party having control of a deposit account under paragraph (c) of subsection 1 of NRS 104.9104 shall: (a) Pay the debtor the balance on deposit in the deposit account; or (b) Transfer the balance on deposit into a deposit account in the debtor’s name; 3. A purchaser, other than a buyer, having control under NRS 104.9105 of an authoritative electronic copy of a record evidencing chattel paper shall transfer control of the electronic copy to the debtor or a person designated by the debtor; 4. A secured party having control of investment property under paragraph (b) of subsection 4 of NRS 104.8106 or under subsection 2 of NRS 104.9106 shall send to the securities intermediary or commodity intermediary with which the security entitlement or commodity contract is maintained a signed record that releases the securities intermediary or commodity intermediary from any further obligation to comply with entitlement orders or directions originated by the secured party; 5. A secured party having control of a letter-of-credit right under NRS 104.9107 shall send to each person having an unfulfilled obligation to pay or deliver proceeds of the letter of credit to the secured party a signed release from any further obligation to pay or deliver proceeds of the letter of credit to the secured party; 6. A secured party having control under NRS 104.7106 of an authoritative electronic copy of an electronic document shall transfer control of the electronic copy to the debtor or a person designated by the debtor; and 7. A secured party having control under NRS 104B.12105 of a controllable electronic record, other than a buyer of a controllable account or controllable payment intangible evidenced by the controllable electronic record, shall transfer control of the controllable electronic record to the debtor or a person designated by the debtor.