Nev. Rev. Stat. § 104.9209
Duties of secured party if account debtor has been notified of assignment
Nevada · Nevada Revised Statutes Chapter 104 — Uniform Commercial Code—Original Articles · Status: effective
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- Citation
- Nev. Rev. Stat. § 104.9209, Duties of secured party if account debtor has been notified of assignment, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2079606
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Full text
1. Except as otherwise provided in subsection 3, this section applies if:
(a) There is no outstanding secured obligation; and
(b) The secured party is not committed to make advances, incur obligations or otherwise give value.
2. Within 10 days after receiving a signed demand by the debtor, a secured party shall send to an account debtor that has received notification under subsection 1 of NRS 104.9406 or subsection 2 of NRS 104B.12106 of an assignment to the secured party as assignee a signed record that releases the account debtor from any further obligation to the secured party.
3. This section does not apply to an assignment constituting the sale of an account, chattel paper or payment intangible.