Nev. Rev. Stat. § 104.9329
Priority among conflicting security interests in same letter-of-credit right
Nevada · Nevada Revised Statutes Chapter 104 — Uniform Commercial Code—Original Articles · Status: effective
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- Nev. Rev. Stat. § 104.9329, Priority among conflicting security interests in same letter-of-credit right, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2079640
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Full text
The following rules govern priority among conflicting security interests in the same letter-of-credit right:
1. A security interest held by a secured party having control of the letter-of-credit right under NRS 104.9107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.
2. Security interests perfected by control under NRS 104.9314 rank according to priority in time of obtaining control.