NRS 104.9315
Secured party’s rights on disposition of collateral and in proceeds.


1.

Except as otherwise provided in this article and in subsection 2 of NRS 104.2403:

(a)

A security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange or other disposition thereof unless the secured party authorized the disposition free of the security interest or agricultural lien; and

(b)

A security interest attaches to any identifiable proceeds of collateral.

2.

Proceeds that are commingled with other property are identifiable proceeds:

(a)

If the proceeds are goods, to the extent provided by NRS 104.9336; and

(b)

If the proceeds are not goods, to the extent that the secured party identifies the proceeds by a method of tracing, including application of equitable principles, that is permitted under law other than this article with respect to commingled property of the type involved.

3.

A security interest in proceeds is a perfected security interest if the security interest in the original collateral was perfected.

4.

A perfected security interest in proceeds becomes unperfected on the 21st day after the security interest attaches to the proceeds unless:

(a)

The following conditions are satisfied:

(1)

A filed financing statement covers the original collateral;

(2)

The proceeds are collateral in which a security interest may be perfected by filing in the office in which the financing statement has been filed; and

(3)

The proceeds are not acquired with cash proceeds;

(b)

The proceeds are identifiable cash proceeds; or

(c)

The security interest in the proceeds is perfected when the security interest attaches to the proceeds or within 20 days thereafter.

5.

If a filed financing statement covers the original collateral, a security interest in proceeds which remains perfected under paragraph (a) of subsection 4 becomes unperfected at the later of:

(a)

When the effectiveness of the filed financing statement lapses under NRS 104.9515 or is terminated under NRS 104.9513; or

(b)

The 21st day after the security interest attaches to the proceeds.

Source: Section 104.9315 — Secured party’s rights on disposition of collateral and in proceeds., https://www.­leg.­state.­nv.­us/NRS/NRS-104.­html#NRS104Sec9315.

104.9301
Determination of law governing perfection and priority of security interests.
104.9302
Determination of law governing perfection and priority of agricultural liens.
104.9303
Determination of law governing perfection and priority of security interests in goods covered by certificate of title.
104.9304
Determination of law governing perfection and priority of security interests in deposit accounts.
104.9305
Determination of law governing perfection and priority of security interests in investment property.
104.9306
Determination of law governing perfection and priority of security interests in letter-of-credit rights.
104.9307
Location of debtor.
104.9308
When security interest or agricultural lien is perfected
104.9309
Security interest perfected upon attachment.
104.9310
When filing required to perfect security interest or agricultural lien
104.9311
Perfection of security interests in property subject to certain statutes, regulations and treaties.
104.9312
Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights and money
104.9313
When possession by or delivery to secured party perfects security interest without filing.
104.9314
Perfection by control.
104.9315
Secured party’s rights on disposition of collateral and in proceeds.
104.9316
Continued perfection of security interest following change in governing law.
104.9317
Interests that take priority over or take free of unperfected security interest or agricultural lien.
104.9318
No interest retained in right to payment that is sold
104.9319
Rights and title of consignee with respect to creditors and purchasers.
104.9320
Protection of certain buyers of goods.
104.9321
Protection of licensee of general intangible and lessee of goods in ordinary course of business.
104.9322
Priorities among conflicting security interests in and agricultural liens on same collateral.
104.9323
Future advances.
104.9324
Priority of purchase-money security interests.
104.9325
Priority of security interests in transferred collateral.
104.9326
Priority of security interests created by new debtor.
104.9327
Priority among conflicting security interests in same deposit account.
104.9328
Priority among conflicting security interests in same investment property.
104.9329
Priority among conflicting security interests in same letter-of-credit right.
104.9330
Priority of purchaser of chattel paper or instrument.
104.9331
Priority of rights of purchasers of instruments, documents and securities under other articles
104.9332
Effect of transfer of money
104.9333
Priority of certain possessory liens arising by operation of law.
104.9334
Priority of security interests in fixtures and crops.
104.9335
Accessions.
104.9336
Commingled goods.
104.9337
Priority of security interests in goods covered by certificate of title.
104.9338
Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.
104.9339
Priority subject to subordination by agreement.
104.9340
Effectiveness of right of recoupment or setoff against deposit account.
104.9341
Bank’s rights and duties with respect to deposit account.
104.9342
Bank’s right to refuse to enter into or disclose existence of control agreement.
Last Updated

Jun. 24, 2021

§ 104.9315’s source at nv​.us