Nev. Rev. Stat. § 97A.140 — NV Code / Title 8 / Chapter 97A / Section 97A.140
Requirements for issuance of credit card; provision and change of terms and conditions for use of credit card; applicable state law
Status: in_force

1. An issuer located in this State shall not issue a credit card to a cardholder unless the issuer first: (a) Provides the written notice required pursuant to NRS 97A.145 to the cardholder; and (b) Receives a written or oral request from the cardholder for the issuance of the credit card.

2. An issuer shall provide the cardholder with the terms and conditions that govern the use of the credit card, in writing, before or at the time of the receipt of the credit card. A cardholder shall be deemed to have accepted the written terms and conditions provided by the issuer upon subsequent actual use of the credit card.

3. The rate of interest charged, and any other fees or charges imposed for the use of the credit card, must be in an amount agreed upon by the issuer and cardholder.

4. An issuer may unilaterally change any term or condition for the use of a credit card without prior written notice to the cardholder unless the change will adversely affect or increase the costs to the cardholder for the use of the credit card. If the change will increase such costs, the issuer shall provide to the cardholder: (a) An identifiable notice of the change at least 30 days before the change becomes effective; and (b) An opportunity to avoid the change, including, without limitation, by voluntarily closing the credit card account after providing notice to the issuer. If the cardholder closes the credit card account and the issuer provides any information about the account to a credit reporting agency, the issuer must notify the agency that the cardholder voluntarily closed the credit card account.

5. Unless otherwise stated as a term or condition, the law of this State governs all transactions relating to the use of a credit card if an issuer, or the service provider of an issuer, is located in this State.
Nev. Rev. Stat. § 104.2708 — NV Code / Title 8 / Chapter 104 / Section 104.2708
Seller's damages for nonacceptance or repudiation
Status: in_force

1. Subject to subsection 2 and to the provisions of this Article with respect to proof of market price ( NRS 104.2723 ), the measure of damages for nonacceptance or repudiation by the buyer is the difference between the market price at the time and place for tender and the unpaid contract price together with any incidental damages provided in this Article ( NRS 104.2710 ), but less expenses saved in consequence of the buyer's breach.

2. If the measure of damages provided in subsection 1 is inadequate to put the seller in as good a position as performance would have done then the measure of damages is the profit (including reasonable overhead) which the seller would have made from full performance by the buyer, together with any incidental damages provided in this Article ( NRS 104.2710 ), due allowance for costs reasonably incurred and due credit for payments or proceeds of resale.
Nev. Rev. Stat. § 104A.2310 — NV Code / Title 8 / Chapter 104A / Section 104A.2310
Lessor's and lessee's rights when goods become accessions
Status: in_force

1. Goods are “accessions” when they are installed in or affixed to other goods.

2. The interest of a lessor or a lessee under a lease contract entered into before the goods became accessions is superior to all interests in the whole except as stated in subsection 4.

3. The interest of a lessor or a lessee under a lease contract entered into at the time or after the goods became accessions is superior to all subsequently acquired interests in the whole except as stated in subsection 4 but is subordinate to interests in the whole existing at the time the lease contract was made unless the holders of such interests in the whole have in writing consented to the lease or disclaimed an interest in the goods as part of the whole.

4. The interest of a lessor or a lessee under a lease contract described in subsection 2 or 3 is subordinate to the interest of: (a) A buyer in the ordinary course of business or a lessee in the ordinary course of business of any interest in the whole acquired after the goods became accessions; or (b) A creditor with a security interest in the whole perfected before the lease contract was made to the extent that the creditor makes subsequent advances without knowledge of the lease contract.

5. When under subsections 2 or 3 and 4 a lessor or a lessee of accessions holds an interest that is superior to all interests in the whole, the lessor or the lessee may: (a) On default, expiration, termination or cancellation of the lease contract by the other party but subject to the provisions of the lease contract and this Article; or (b) If necessary to enforce his or her other rights and remedies under this Article, remove the goods from the whole, free and clear of all interests in the whole, but he or she must reimburse any holder of an interest in the whole who is not the lessee and who has not otherwise agreed for the cost of repair of any physical injury but not for any diminution in value of the whole caused by the absence of the goods removed or by any necessity for replacing them. A person entitled to reimbursement may refuse permission to remove until the party seeking removal gives adequate security for the performance of this obligation.
Nev. Rev. Stat. § 104.2721 — NV Code / Title 8 / Chapter 104 / Section 104.2721
Remedies for fraud
Status: in_force

Remedies for material misrepresentation or fraud include all remedies available under this article for nonfraudulent breach. Neither rescission or a claim for rescission of the contract for sale nor rejection or return of the goods shall bar or be deemed inconsistent with a claim for damages or other remedy.
Nev. Rev. Stat. § 97.075 — NV Code / Title 8 / Chapter 97 / Section 97.075
“Rate” defined
Status: in_force

“Rate” means the percentage which, when multiplied times the unpaid balance for each month or other installment period, yields the amount of the finance charge for that month or period.
Nev. Rev. Stat. § 97.026 — NV Code / Title 8 / Chapter 97 / Section 97.026
“Credit” defined
Status: in_force

“ Credit ” means the right granted by a seller to a buyer to defer payment of debt or to incur debt and defer its payment.
Nev. Rev. Stat. § 104.1106 — NV Code / Title 8 / Chapter 104 / Section 104.1106
Use of singular and plural; gender
Status: in_force

In the Uniform Commercial Code, unless the statutory context otherwise requires:

1. Words in the singular number include the plural, and those in the plural include the singular; and

2. Words of any gender also refer to any other gender.
Nev. Rev. Stat. § 104.7105 — NV Code / Title 8 / Chapter 104 / Section 104.7105
Reissuance in alternative medium
Status: in_force

1. Upon request of a person entitled under an electronic document of title, the issuer of the electronic document may issue a tangible document of title as a substitute for the electronic document if: (a) The person entitled under the electronic document surrenders control of the document to the issuer; and (b) The tangible document when issued contains a statement that it is issued in substitution for the electronic document.

2. Upon issuance of a tangible document of title in substitution for an electronic document of title in accordance with subsection 1: (a) The electronic document ceases to have any effect or validity; and (b) The person that procured issuance of the tangible document warrants to all subsequent persons entitled under the tangible document that the warrantor was a person entitled under the electronic document when the warrantor surrendered control of the electronic document to the issuer.

3. Upon request of a person entitled under a tangible document of title, the issuer of the tangible document may issue an electronic document of title as a substitute for the tangible document if: (a) The person entitled under the tangible document surrenders possession of the document to the issuer; and (b) The electronic document when issued contains a statement that it is issued in substitution for the tangible document.

4. Upon issuance of an electronic document of title in substitution for a tangible document of title in accordance with subsection 3: (a) The tangible document ceases to have any effect or validity; and (b) The person that procured issuance of the electronic document warrants to all subsequent persons entitled under the electronic document that the warrantor was a person entitled under the tangible document when the warrantor surrendered possession of the tangible document to the issuer.
Nev. Rev. Stat. § 97A.040 — NV Code / Title 8 / Chapter 97A / Section 97A.040
“Cardholder” defined
Status: in_force

“Cardholder” means a person:

1. Who establishes a credit card account;

2. Whose name appears on the credit card issued on that account; and

3. Who is liable for the payment of all charges incurred on that account.
Nev. Rev. Stat. § 104.8505 — NV Code / Title 8 / Chapter 104 / Section 104.8505
Duty of securities intermediary with respect to payments and distributions
Status: in_force

1. A securities intermediary shall take action to obtain a payment or distribution made by the issuer of a financial asset. A securities intermediary satisfies the duty if: (a) It acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or (b) In the absence of agreement, it exercises due care in accordance with reasonable commercial standards to attempt to obtain the payment or distribution.

2. A securities intermediary is obligated to its entitlement holder for a payment or distribution made by the issuer of a financial asset if the payment or distribution is received by the securities intermediary.
Nev. Rev. Stat. § 102.050 — NV Code / Title 8 / Chapter 102 / Section 102.050
Chapter not retroactive
Status: in_force

This chapter shall not apply to conveyances, releases, sales, or contracts made prior to July 1, 1927.
Nev. Rev. Stat. § 104.4108 — NV Code / Title 8 / Chapter 104 / Section 104.4108
Time of receipt of items
Status: in_force

1. For the purpose of allowing time to process items, prove balances and make the necessary entries on its books to determine its position for the day, a bank may fix an afternoon hour of 2 p.m. or later as a cutoff hour for the handling of money and items and the making of entries on its books.

2. Any item or deposit of money received on any day after a cutoff hour so fixed or after the close of the banking day may be treated as being received at the opening of the next banking day.
Nev. Rev. Stat. § 104.9713 — NV Code / Title 8 / Chapter 104 / Section 104.9713
Effectiveness of action taken before July 1, 2013
Status: in_force

1. The filing of a financing statement before July 1, 2013, is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this article as amended.

2. This article as amended does not render ineffective an effective financing statement that, before July 1, 2013, is filed and satisfies the applicable requirements for perfection under the law of the jurisdiction governing perfection as provided in this article before amendment. However, except as otherwise provided in subsections 3 and 4 and NRS 104.9714 , the financing statement ceases to be effective: (a) If the financing statement is filed in this State, at the time the financing statement would have ceased to be effective had this article as amended not taken effect; or (b) If the financing statement is filed in another jurisdiction, at the earlier of: (1) The time the financing statement would have ceased to be effective under the law of that jurisdiction; or (2) June 30, 2018.

3. The filing of a continuation statement on or after July 1, 2013, does not continue the effectiveness of the financing statement filed before that date. However, upon the timely filing of a continuation statement on or after July 1, 2013, and in accordance with the law of the jurisdiction governing perfection as provided in this article as amended, the effectiveness of a financing statement filed in the same office in that jurisdiction before July 1, 2013, continues for the period provided by the law of that jurisdiction.

4. Subparagraph (2) of paragraph (b) of subsection 2 applies to a financing statement that, before July 1, 2013, is filed against a transmitting utility and satisfies the applicable requirements for perfection under the law of the jurisdiction governing perfection as provided in this article before amendment, only to the extent that this article as amended provides that the law of a jurisdiction other than the jurisdiction in which the financing statement is filed governs perfection of a security interest in collateral covered by the financing statement.

5. A financing statement that includes a financing statement filed before July 1, 2013, and a continuation statement filed on or after July 1, 2013, is effective only to the extent that it satisfies the requirements of part 5 for an initial financing statement. A financing statement which indicates that the debtor is a decedent's estate indicates that the collateral is being administered by a personal representative within the meaning of paragraph (b) of subsection 1 of NRS 104.9503 . A financing statement which indicates that the debtor is a trust or a trustee acting with respect to property held in trust indicates that the collateral is held in a trust within the meaning of paragraph (c) of subsection 1 of NRS 104.9503 .
Nev. Rev. Stat. § 97.305 — NV Code / Title 8 / Chapter 97 / Section 97.305
Violation bar to recovery
Status: in_force

A seller who enters into a contract or retail charge agreement which does not comply with the provisions of this chapter or who violates any provision of this chapter, and a lender who violates NRS 97.301 , except as a result of an accidental or bona fide error is barred from the recovery of any finance charge, official fees, or any charge for delinquency or collection under or in connection with the related retail installment contract or purchase under a retail charge agreement; but the seller or lender may nevertheless recover from the buyer an amount equal to the cash price of the goods or services and the cost to the seller or lender of any insurance included in the transaction.
Nev. Rev. Stat. § 104A.4210 — NV Code / Title 8 / Chapter 104A / Section 104A.4210
Rejection of payment order
Status: in_force

1. A payment order is rejected by the receiving bank by a notice of rejection transmitted to the sender orally or in a record. A notice of rejection need not use any particular words and is sufficient if it indicates that the receiving bank is rejecting the order or will not execute or pay the order. Rejection is effective when the notice is given if transmission is by a means that is reasonable in the circumstances. If notice of rejection is given by a means that is not reasonable, rejection is effective when the notice is received. If an agreement of the sender and receiving bank establishes the means to be used to reject a payment order, any means complying with the agreement is reasonable and any means not complying is not reasonable unless no significant delay in receipt of the notice resulted from the use of the noncomplying means.

2. If a receiving bank other than the beneficiary's bank fails to execute a payment order despite the existence on the execution date of a withdrawable credit balance in an authorized account of the sender sufficient to cover the order, the following rules apply: (a) If the sender does not receive notice of rejection of the order on the execution date and the authorized account of the sender does not bear interest, the bank is obliged to pay interest to the sender on the amount of the order for the number of days elapsing after the execution date to the earlier of the day the order is cancelled pursuant to subsection 4 of NRS 104A.4211 or the day the sender receives notice or learns that the order was not executed, counting the final day of the period as an elapsed day. (b) If the withdrawable credit balance during that period falls below the amount of the order, the amount of interest is reduced accordingly.

3. If a receiving bank suspends payments, all unaccepted payment orders issued to it are deemed rejected at the time the bank suspends payments.

4. Acceptance of a payment order precludes a later rejection of the order. Rejection of a payment order precludes a later acceptance of the order.
Nev. Rev. Stat. § 104.3109 — NV Code / Title 8 / Chapter 104 / Section 104.3109
Payable to bearer or to order
Status: in_force

1. A promise or order is payable to bearer if it: (a) States that it is payable to bearer or to the order of bearer or otherwise indicates that the person in possession of the promise or order is entitled to payment; (b) Does not state a payee; or (c) States that it is payable to or to the order of cash or otherwise indicates that it is not payable to an identified person.

2. A promise or order that is not payable to bearer is payable to order if it is payable to the order of an identified person or to an identified person or order. A promise or order that is payable to order is payable to the identified person.

3. An instrument payable to bearer may become payable to an identified person if it is specially endorsed pursuant to subsection 1 of NRS 104.3205 . An instrument payable to an identified person may become payable to bearer if it is endorsed in blank pursuant to subsection 2 of NRS 104.3205 .
Nev. Rev. Stat. § 104.1202 — NV Code / Title 8 / Chapter 104 / Section 104.1202
Notice; knowledge
Status: in_force

1. Subject to subsection 6, a person has “notice” of a fact if the person: (a) Has actual knowledge of it; (b) Has received a notice or notification of it; or (c) From all the facts and circumstances known to the person at the time in question, has reason to know that it exists.

2. “ Knowledge ” means actual knowledge. “Knows” has a corresponding meaning.

3. “ Discover ,” “ learn ” or words of similar import refer to knowledge rather than to reason to know.

4. A person “ notifies ” or “ gives ” a notice or notification to another person by taking such steps as may be reasonably required to inform the other person in ordinary course, whether or not the other person actually comes to know of it.

5. Subject to subsection 6, a person “ receives ” a notice or notification when: (a) It comes to that person's attention; or (b) It is duly delivered in a form reasonable under the circumstances at the place of business through which the contract was made or at another location held out by that person as the place for receipt of such communications.

6. Notice, knowledge, or a notice or notification received by an organization is effective for a particular transaction from the time it is brought to the attention of the natural person conducting that transaction and, in any event, from the time it would have been brought to the natural person's attention if the organization had exercised due diligence. An organization exercises due diligence if it maintains reasonable routines for communicating significant information to the person conducting the transaction and there is reasonable compliance with the routines. Due diligence does not require a natural person acting for the organization to communicate information unless the communication is part of the natural person's regular duties or the natural person has reason to know of the transaction and that the transaction would be materially affected by the information.
Nev. Rev. Stat. § 97B.020 — NV Code / Title 8 / Chapter 97B / Section 97B.020
Purpose of chapter; construction
Status: in_force

1. The purpose of this chapter is to protect consumers.

2. This chapter must be construed as a consumer protections statute for all purposes.

3. This chapter must be liberally construed to effectuate its purpose.
Nev. Rev. Stat. § 100.050 — NV Code / Title 8 / Chapter 100 / Section 100.050
Order of resort to different funds
Status: in_force

Where one has a lien upon several things, and other persons have subordinate liens upon, or interests in, some but not all of the same things, the person having the prior lien, if he or she can do so without risk of loss to himself or herself, or of injustice to other persons, must resort to the property in the following order, on the demand of any party interested:

1. To the things upon which he or she has an exclusive lien;

2. To the things which are subject to the fewest subordinate liens;

3. In like manner inversely to the number of subordinate liens upon the same thing; and

4. When several things are within one of the foregoing classes, and subject to the same number of liens, resort must be had: (a) To the things which have not been transferred since the prior lien was created; (b) To the things which have been so transferred without a valuable consideration; and (c) To the things which have been so transferred for a valuable consideration in the inverse order of the transfer.
Nev. Rev. Stat. § 104A.2519 — NV Code / Title 8 / Chapter 104A / Section 104A.2519
Lessee's damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods
Status: in_force

1. Except as otherwise provided with respect to damages liquidated in the lease agreement ( NRS 104A.2504 ) or otherwise determined pursuant to agreement of the parties ( NRS 104.1302 and 104A.2503 ), if a lessee elects not to cover or a lessee elects to cover and the cover is by lease agreement that for any reason does not qualify for treatment under subsection 2 of NRS 104A.2518 , or is by purchase or otherwise, the measure of damages for nondelivery or repudiation by the lessor or for rejection or revocation of acceptance by the lessee is the present value, as of the date of the default, of the then market rent minus the present value as of the same date of the original rent, computed for the remaining lease term of the original lease agreement, together with incidental and consequential damages, less expenses saved in consequence of the lessor's default.

2. Market rent is to be determined as of the place for tender or, in cases of rejection after arrival or revocation of acceptance, as of the place of arrival.

3. Except as otherwise agreed, if the lessee has accepted goods and given notification (subsection 3 of NRS 104A.2516 ), the measure of damages for nonconforming tender or delivery or other default by a lessor is the loss resulting in the ordinary course of events from the lessor's default as determined in any manner that is reasonable together with incidental and consequential damages, less expenses saved in consequence of the lessor's default.

4. Except as otherwise agreed, the measure of damages for breach of warranty is the present value at the time and place of acceptance of the difference between the value of the use of the goods accepted and the value if they had been as warranted for the lease term, unless special circumstances show proximate damages of a different amount, together with incidental and consequential damages, less expenses saved in consequence of the lessor's default or breach of warranty.
Nev. Rev. Stat. § 100.135 — NV Code / Title 8 / Chapter 100 / Section 100.135
Appraisal of vehicle when lease terminates or expires
Status: in_force

If the commercial vehicle lease provides that the lessee is liable for an amount based on the residual value of the vehicle at the termination or expiration of the lease, the lessee may obtain, at his or her expense, a professional appraisal of the vehicle by an independent third party agreed to by both parties. An appraisal obtained pursuant to this section is final and binding on the parties.
Nev. Rev. Stat. § 104.3501 — NV Code / Title 8 / Chapter 104 / Section 104.3501
Presentment
Status: in_force

1. “Presentment” means a demand made by or on behalf of a person entitled to enforce an instrument: (a) To pay the instrument made to the drawee or a party obliged to pay the instrument or, in the case of a note or accepted draft payable at a bank, to the bank; or (b) To accept a draft made to the drawee.

2. The following rules are subject to article 4, agreement of the parties, and clearinghouse rules and the like: (a) Presentment: (1) May be made at the place of payment of the instrument and must be made at the place of payment if the instrument is payable at a bank in the United States; (2) May be made by any commercially reasonable means, including an oral, written or electronic communication; (3) Is effective when the demand for payment or acceptance is received by the person to whom presentment is made; and (4) Is effective if made to any one of two or more makers, acceptors, drawees or other payors. (b) Upon demand of the person to whom presentment is made, the person making presentment must: (1) Exhibit the instrument; (2) Give reasonable identification and, if presentment is made on behalf of another person, reasonable evidence of authority to do so; and (3) Sign a receipt on the instrument for any payment made or surrender the instrument if full payment is made. (c) Without dishonoring the instrument, the party to whom presentment is made may: (1) Return the instrument for lack of a necessary endorsement; or (2) Refuse payment or acceptance for failure of the presentment to comply with the terms of the instrument, an agreement of the parties or other applicable law or rule. (d) The party to whom presentment is made may treat presentment as occurring on the next business day after the day of presentment if the party has established a cutoff hour not earlier than 2 p.m. for the receipt and action upon instruments presented for payment or acceptance and presentment is made after the cutoff hour.
Nev. Rev. Stat. § 104.8506 — NV Code / Title 8 / Chapter 104 / Section 104.8506
Duty of securities intermediary to exercise rights as directed by entitlement holder
Status: in_force

A securities intermediary shall exercise rights with respect to a financial asset if directed to do so by an entitlement holder. A securities intermediary satisfies the duty if:

1. It acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or

2. In the absence of agreement, it either places the entitlement holder in a position to exercise the rights directly or exercises due care in accordance with reasonable commercial standards to follow the direction of the entitlement holder.
Nev. Rev. Stat. § 104.9104 — NV Code / Title 8 / Chapter 104 / Section 104.9104
Control of deposit account
Status: in_force

1. A secured party has control of a deposit account if: (a) The secured party is the bank with which the deposit account is maintained; (b) The debtor, secured party and bank have agreed in a signed record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account without further consent by the debtor; (c) The secured party becomes the bank's customer with respect to the deposit account; or (d) Another person, other than the debtor: (1) Has control of the deposit account and acknowledges that it has control on behalf of the secured party; or (2) Obtains control of the deposit account after having acknowledged that it will obtain control of the deposit account on behalf of the secured party.

2. A secured party that has satisfied subsection 1 has control, even if the debtor retains the right to direct the disposition of funds from the deposit account.
Nev. Rev. Stat. § 104A.4402 — NV Code / Title 8 / Chapter 104A / Section 104A.4402
Obligation of sender to pay receiving bank
Status: in_force

1. This section is subject to NRS 104A.4205 and 104A.4207 .

2. With respect to a payment order issued to the beneficiary's bank, acceptance of the order by the bank obliges the sender to pay the bank the amount of the order, but payment is not due until the payment date of the order.

3. This subsection is subject to subsection 5 and to NRS 104A.4303 . With respect to a payment order issued to a receiving bank other than the beneficiary's bank, acceptance of the order by the receiving bank obliges the sender to pay the bank the amount of his or her order. Payment by the sender is not due until the execution date of his or her order. The obligation of a sender to pay his or her payment order is excused if the funds transfer is not completed by acceptance by the beneficiary's bank of a payment order instructing payment to the beneficiary of that sender's payment order.

4. If the sender of a payment order pays the order and was not obliged to pay all or part of the amount paid, the bank receiving payment is obliged to refund payment to the extent the sender was not obliged to pay. Except as otherwise provided in NRS 104A.4204 and 104A.4304 , interest is payable on the refundable amount from the date of payment.

5. If a funds transfer is not completed as stated in subsection 3 and an intermediary bank is obliged to refund payment as stated in subsection 4 but is unable to do so because not permitted by applicable law or because the bank suspends payments, a sender in the funds transfer that executed a payment order in compliance with an instruction, as stated in paragraph (a) of subsection 1 of NRS 104A.4302 , to route the funds transfer through that intermediary bank is entitled to receive or retain payment from the sender of the payment order that it accepted. The first sender in the funds transfer that issued an instruction requiring routing through that intermediary bank is subrogated to the right of the bank that paid the intermediary bank to refund as stated in subsection 4.

6. The right of the sender of a payment order to be excused from the obligation to pay the order as stated in subsection 3 or to receive refund under subsection 4 may not be varied by agreement.
Nev. Rev. Stat. § 104.8402 — NV Code / Title 8 / Chapter 104 / Section 104.8402
Assurance that endorsement or instruction is effective
Status: in_force

1. An issuer may require the following assurance that each necessary endorsement or each instruction is genuine and authorized: (a) In all cases, a guaranty of the signature of the person making an endorsement or originating an instruction including, in the case of an instruction, reasonable assurance of identity; (b) If the endorsement is made or the instruction is originated by an agent, appropriate assurance of actual authority to sign; (c) If the endorsement is made or the instruction is originated by a fiduciary pursuant to paragraph (d) or (e) of subsection 1 of NRS 104.8107 , appropriate evidence of appointment or incumbency; (d) If there is more than one fiduciary, reasonable assurance that all who are required to sign have done so; and (e) If the endorsement is made or the instruction is originated by a person not covered by another provision of this subsection, assurance appropriate to the case corresponding as nearly as may be to the provisions of this subsection.

2. An issuer may elect to require reasonable assurance beyond that specified in this section.

3. As used in this section: (a) “Guaranty of the signature” means a guaranty signed by or on behalf of a person reasonably believed by the issuer to be responsible. An issuer may adopt standards with respect to responsibility if they are not manifestly unreasonable. (b) “Appropriate evidence of appointment or incumbency” means: (1) In the case of a fiduciary appointed or qualified by a court, a certificate issued by or under the direction or supervision of the court or an officer thereof and dated within 60 days before the date of presentation for transfer; or (2) In any other case, a copy of a document showing the appointment or a certificate issued by or on behalf of a person reasonably believed by the issuer to be responsible or, in the absence of that document or certificate, other evidence reasonably deemed by the issuer to be appropriate.
Nev. Rev. Stat. § 104.9523 — NV Code / Title 8 / Chapter 104 / Section 104.9523
Information from filing office; sale or license of records
Status: in_force

1. If a person that files a written record requests an acknowledgment of the filing, the filing office shall send the person an image of the record showing the number assigned to the record pursuant to paragraph (a) of subsection 1 of NRS 104.9519 and the date and time of the filing of the record. However, if the person furnishes two copies of the record to the filing office, the filing office may instead: (a) Note upon one copy the number assigned to the record pursuant to that paragraph and the date and time of the filing of the record; and (b) Send that copy to the person.

2. If a person files a record other than a written record, the filing office shall communicate to the person an acknowledgment that provides: (a) The information in the record; (b) The number assigned to the record pursuant to paragraph (a) of subsection 1 of NRS 104.9519 ; and (c) The date and time of the filing of the record.

3. The filing office shall communicate or otherwise make available in a record the following information to any person that requests it: (a) Whether there is on file on a date and time specified by the filing office, but not a date earlier than 3 business days before the filing office receives the request, any financing statement that: (1) Designates a particular debtor; (2) Has not lapsed under NRS 104.9515 with respect to all secured parties of record; and (3) If the request so states, has lapsed under that section and a record of which is maintained by the filing office under subsection 1 of NRS 104.9522 ; (b) The date and time of filing of each financing statement; and (c) The information provided in each financing statement.

4. In complying with its duty under subsection 3, the filing office may communicate information in any medium. However, if requested, the filing office shall communicate information by issuing its written certificate.

5. The filing office described in paragraph (b) of subsection 1 of NRS 104.9501 shall perform the acts required by subsections 1 to 4, inclusive, within a reasonable time and in the manner prescribed by filing-office rule.

6. Periodically, the Secretary of State shall offer to sell or license to the public on a nonexclusive basis, in bulk, copies of all records filed in it under this part, in every medium from time to time available to the filing office.
Nev. Rev. Stat. § 104.5105 — NV Code / Title 8 / Chapter 104 / Section 104.5105
Consideration
Status: in_force

Consideration is not required to issue, amend, transfer or cancel a letter of credit, advice or confirmation.
Nev. Rev. Stat. § 104.9305 — NV Code / Title 8 / Chapter 104 / Section 104.9305
Law governing perfection and priority of security interests in investment property
Status: in_force

1. Except as otherwise provided in subsection 3, the following rules apply: (a) While a security certificate is located in a jurisdiction, the law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in the certificated security represented thereby. (b) The law of the issuer's jurisdiction as specified in subsection 4 of NRS 104.8110 governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in an uncertificated security. (c) The law of the securities intermediary's jurisdiction as specified in subsection 5 of NRS 104.8110 governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a security entitlement or securities account. (d) The law of the commodity intermediary's jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a commodity contract or commodity account. (e) Paragraphs (b), (c) and (d) apply even if the transaction does not bear any relation to the jurisdiction.

2. The following rules determine a commodity intermediary's jurisdiction for purposes of this part: (a) If an agreement between the commodity intermediary and commodity customer governing the commodity account expressly provides that a particular jurisdiction is the commodity intermediary's jurisdiction for purposes of this part, this article or the Uniform Commercial Code, that jurisdiction is the commodity intermediary's jurisdiction. (b) If paragraph (a) does not apply and an agreement between the commodity intermediary and commodity customer governing the commodity account expressly provides that the agreement is governed by the law of a particular jurisdiction, that jurisdiction is the commodity intermediary's jurisdiction. (c) If neither paragraph (a) nor paragraph (b) applies and an agreement between the commodity intermediary and commodity customer governing the commodity account expressly provides that the commodity account is maintained at an office in a particular jurisdiction, that jurisdiction is the commodity intermediary's jurisdiction. (d) If neither paragraph (a) nor paragraph (b) nor paragraph (c) applies, the commodity intermediary's jurisdiction is the jurisdiction in which the office identified in an account statement as the office serving the commodity customer's account is located. (e) If none of the preceding paragraphs applies, the commodity intermediary's jurisdiction is the jurisdiction in which the chief executive office of the commodity intermediary is located.

3. The law of the jurisdiction in which the debtor is located governs: (a) Perfection of a security interest in investment property by filing; (b) Automatic perfection of a security interest in investment property granted by a broker or securities intermediary; and (c) Automatic perfection of a security interest in a commodity contract or commodity account granted by a commodity intermediary.
Nev. Rev. Stat. § 104A.2213 — NV Code / Title 8 / Chapter 104A / Section 104A.2213
Implied warranty of fitness for particular purpose
Status: in_force

Except in a finance lease, if the lessor at the time the lease contract is made has reason to know of any particular purpose for which the goods are required and that the lessee is relying on the lessor's skill or judgment to select or furnish suitable goods, there is in the lease contract an implied warranty that the goods will be fit for that purpose.
Nev. Rev. Stat. § 104.8202 — NV Code / Title 8 / Chapter 104 / Section 104.8202
Issuer's responsibility and defenses; notice of defect or defense
Status: in_force

1. Even against a purchaser for value and without notice, the terms of a certificated security include the terms stated on the certificate and the terms made part of the security by reference on the certificate to another instrument, indenture, or document or to a constitution, statute, ordinance, rule, regulation, order or the like, to the extent the terms referred to do not conflict with terms stated on the certificate. A reference under this subsection does not of itself charge a purchaser for value with notice of a defect going to the validity of the security, even if the certificate expressly states that a person accepting it admits notice. The terms of an uncertificated security include those stated in any instrument, indenture or document, or in a constitution, statute, ordinance, rule, regulation, order or the like, pursuant to which the security was issued.

2. The following rules apply if an issuer asserts that a security is not valid: (a) A security other than one issued by a government or governmental subdivision, agency or instrumentality, even though issued with a defect going to its validity, is valid in the hands of a purchaser for value and without notice of the particular defect unless the defect involves a violation of a constitutional provision. In that case the security is valid in the hands of a purchaser for value and without notice of the defect other than one who takes by original issue. (b) Paragraph (a) applies to an issuer that is a government or governmental subdivision, agency or instrumentality only if there has been substantial compliance with the legal requirements governing the issue or the issuer has received a substantial consideration for the issue as a whole or for the particular security and a stated purpose of the issue is one for which the issuer has power to borrow money or issue the security.

3. Except as otherwise provided in NRS 104.8205 , lack of genuineness of a certificated security is a complete defense even against a purchaser for value and without notice.

4. All other defenses of the issuer of a security, including nondelivery and conditional delivery of a certificated security, are ineffective against a purchaser for value who has taken the certificated security without notice of the particular defense.

5. This section does not affect the right of a party to cancel a contract for a security “when, as and if issued” or “when distributed” in the event of a material change in the character of the security that is the subject of the contract or in the plan or arrangement pursuant to which the security is to be issued or distributed.

6. If a security is held by a securities intermediary against whom an entitlement holder has a security entitlement with respect to the security, the issuer may not assert any defense that it could not assert if the entitlement holder held the security directly.
Nev. Rev. Stat. § 104.5102 — NV Code / Title 8 / Chapter 104 / Section 104.5102
Definitions
Status: in_force

1. In this article: (a) “Adviser” means a person who, at the request of the issuer, a confirmer or another adviser, notifies or requests another adviser to notify the beneficiary that a letter of credit has been issued, confirmed or amended. (b) “Applicant” means a person at whose request or for whose account a letter of credit is issued. The term includes a person who requests an issuer to issue a letter of credit on behalf of another person if the person making the request undertakes an obligation to reimburse the issuer. (c) “Beneficiary” means a person who, under the terms of a letter of credit, is entitled to have its complying presentation honored. The term includes a person to whom drawing rights have been transferred under a transferable letter of credit. (d) “Confirmer” means a nominated person who undertakes, at the request or with the consent of the issuer, to honor a presentation under a letter of credit issued by another person. (e) “Dishonor” of a letter of credit means failure to honor or to take an interim action in a timely manner, such as acceptance of a draft, that may be required by the letter of credit. (f) “Document” means a draft or other demand, document of title, investment security, certificate, invoice or other record, statement or representation of fact, law, right or opinion which is presented in a written or other medium permitted by a letter of credit or, unless prohibited by the letter of credit, by the standard practice referred to in subsection 5 of NRS 104.5108 , and which is capable of being examined for compliance with the terms and conditions of the letter of credit. A document may not be oral. (g) “Good faith” means honesty in fact in the conduct or transaction concerned. (h) “Honor” of a letter of credit means performance of the issuer's undertaking in the letter of credit to pay or deliver an item of value. Unless the letter of credit otherwise provides, “honor” occurs: (1) Upon payment; (2) If the letter of credit provides for acceptance, upon acceptance of a draft and, at maturity, its payment; or (3) If the letter of credit provides for incurring a deferred obligation, upon incurring the obligation and, at maturity, its performance. (i) “Issuer” means a bank or other person that issues a letter of credit. The term does not include a natural person who makes an engagement for personal, family or household purposes. (j) “Letter of credit” means a definite undertaking that satisfies the requirements of NRS 104.5104 by an issuer to a beneficiary at the request or for the account of an applicant or, in the case of a financial institution, to itself or for its own account, to honor a documentary presentation by payment or delivery of an item of value. (k) “Nominated person” means a person whom the issuer designates or authorizes to pay, accept, negotiate or otherwise give value under a letter of credit and undertakes by agreement or custom and practice to reimburse. (l) “Presentation” means delivery of a document to an issuer or nominated person for honor or giving of value under a letter of credit. (m) “Presenter” means a person making a presentation as or on behalf of a beneficiary or nominated person. (n) “Record” means information which is inscribed on a tangible medium, or which is stored in an electronic or other medium and is retrievable in perceivable form. (o) “Successor of a beneficiary” means a person who succeeds to substantially all of the rights of a beneficiary by operation of law, including a corporation with or into which the beneficiary has been merged or consolidated, an administrator, executor, personal representative, trustee in bankruptcy, debtor in possession, liquidator and receiver.

2. Definitions in other articles applying to this article and the sections in which they appear are: “Accept” or “acceptance.” NRS 104.3409 . “Value.” NRS 104.3303 and 104.4211 .

3. Article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.
Nev. Rev. Stat. § 104A.2304 — NV Code / Title 8 / Chapter 104A / Section 104A.2304
Subsequent lease of goods by lessor
Status: in_force

1. Subject to the provisions of NRS 104A.2303 , a subsequent lessee from a lessor of goods under an existing lease contract obtains, to the extent of the lease-hold interest transferred, the leasehold interest in the goods that the lessor had or had power to transfer, and except as provided in subsection 2 of this section and subsection 4 of NRS 104A.2527 , takes subject to the existing lease contract. A lessor with voidable title has power to transfer a good leasehold interest to a good faith subsequent lessee for value, but only to the extent set forth in the preceding sentence. When goods have been delivered under a transaction of purchase the lessor has that power even though: (a) The lessor's transferor was deceived as to the identity of the lessor; (b) The delivery was in exchange for a check which is later dishonored; (c) It was agreed that the transaction was to be a “cash sale;” or (d) The delivery was procured through fraud punishable as larcenous under the criminal law.

2. A subsequent lessee in the ordinary course of business from a lessor who is a merchant dealing in goods of that kind to whom the goods were entrusted by the existing lessee from that lessor before the interest of the subsequent lessee became enforceable against the lessor obtains, to the extent of the leasehold interest transferred, all of the lessor's and the existing lessee's rights to the goods, and takes free of the existing lease contract.

3. A subsequent lessee from the lessor of goods that are subject to an existing lease contract and are covered by a certificate of title issued under a statute of this State or of another jurisdiction takes no greater rights than those provided both by this section and by the certificate of title statute.
Nev. Rev. Stat. § 104.7502 — NV Code / Title 8 / Chapter 104 / Section 104.7502
Rights acquired by due negotiation
Status: in_force

1. Subject to NRS 104.7205 and 104.7503 , a holder to whom a negotiable document of title has been duly negotiated acquires thereby: (a) Title to the document; (b) Title to the goods; (c) All rights accruing under the law of agency or estoppel, including rights to goods delivered to the bailee after the document was issued; and (d) The direct obligation of the issuer to hold or deliver the goods according to the terms of the document free of any defense or claim by the issuer except those arising under the terms of the document or under this Article, but in the case of a delivery order, the bailee's obligation accrues only upon the bailee's acceptance of the delivery order and the obligation acquired by the holder is that the issuer and any endorser will procure the acceptance of the bailee.

2. Subject to NRS 104.7503 , title and rights acquired by due negotiation are not defeated by any stoppage of the goods represented by the document of title or by surrender of the goods by the bailee and are not impaired even if: (a) The due negotiation or any prior due negotiation constituted a breach of duty; (b) Any person has been deprived of possession of a negotiable tangible document or control of a negotiable electronic document by misrepresentation, fraud, accident, mistake, duress, loss, theft or conversion; or (c) A previous sale or other transfer of the goods or document has been made to a third person.
Nev. Rev. Stat. § 104.2505 — NV Code / Title 8 / Chapter 104 / Section 104.2505
Seller's shipment under reservation
Status: in_force

1. Where the seller has identified goods to the contract by or before shipment: (a) The seller’s procurement of a negotiable bill of lading to his or her own order or otherwise reserves in him or her a security interest in the goods. The seller’s procurement of the bill to the order of a financing agency or of the buyer indicates in addition only the seller's expectation of transferring that interest to the person named. (b) A nonnegotiable bill of lading to himself or herself or his or her nominee reserves possession of the goods as security but except in a case of conditional delivery (subsection 2 of NRS 104.2507 ) a nonnegotiable bill of lading naming the buyer as consignee reserves no security interest even though the seller retains possession or control of the bill of lading.

2. When shipment by the seller with reservation of a security interest is in violation of the contract for sale it constitutes an improper contract for transportation within the preceding section but impairs neither the rights given to the buyer by shipment and identification of the goods to the contract nor the seller's powers as a holder of a negotiable document of title.
Nev. Rev. Stat. § 104A.2201 — NV Code / Title 8 / Chapter 104A / Section 104A.2201
Statute of frauds
Status: in_force

1. A lease contract is not enforceable by way of action or defense unless: (a) The total payments to be made under the lease contract, excluding payments for options to renew or buy, are less than $1,000; or (b) There is a record, signed by the party against whom enforcement is sought or by that party's authorized agent, sufficient to indicate that a lease contract has been made between the parties and to describe the goods leased and the lease term.

2. Any description of leased goods or of the lease term is sufficient and satisfies paragraph (b) of subsection 1, whether or not it is specific, if it reasonably identifies what is described.

3. A record is not insufficient because it omits or incorrectly states a term agreed upon, but the lease contract is not enforceable under paragraph (b) of subsection 1 beyond the lease term and the quantity of goods shown in the record.

4. A lease contract that does not satisfy the requirements of subsection 1, but which is valid in other respects, is enforceable: (a) If the goods are to be specially manufactured or obtained for the lessee and are not suitable for lease or sale to others in the ordinary course of the lessor's business, and the lessor, before notice of repudiation is received and under circumstances that reasonably indicate that the goods are for the lessee, has made either a substantial beginning of their manufacture or commitments for their procurement; (b) If the party against whom enforcement is sought admits in that party's pleading, testimony or otherwise in court that a lease contract was made, but the lease contract is not enforceable under this provision beyond the quantity of goods admitted; or (c) With respect to goods that have been received and accepted by the lessee.

5. The lease term under a lease contract referred to in subsection 4 is: (a) If there is a record signed by the party against whom enforcement is sought or by that party's authorized agent specifying the lease term, the term so specified; (b) If the party against whom enforcement is sought admits in that party's pleading, testimony or otherwise in court a lease term, the term so admitted; or (c) A reasonable lease term.
Nev. Rev. Stat. § 104.7603 — NV Code / Title 8 / Chapter 104 / Section 104.7603
Conflicting claims; interpleader
Status: in_force

If more than one person claims title to or possession of the goods, the bailee is excused from delivery until the bailee has a reasonable time to ascertain the validity of the adverse claims or to commence an action for interpleader. The bailee may assert an interpleader either in defending an action for nondelivery of the goods or by original action.
Nev. Rev. Stat. § 104.3404 — NV Code / Title 8 / Chapter 104 / Section 104.3404
Impostors; fictitious payees
Status: in_force

1. If an impostor, by use of the mails or otherwise, induces the issuer of an instrument to issue the instrument to the impostor, or to a person acting in concert with the impostor, by impersonating the payee of the instrument or a person authorized to act for the payee, an endorsement of the instrument by any person in the name of the payee is effective as the endorsement of the payee in favor of a person who, in good faith, pays the instrument or takes it for value or for collection.

2. If a person whose intent determines to whom an instrument is payable (subsection 1 or 2 of NRS 104.3110 ) does not intend the person identified as payee to have any interest in the instrument, or the person identified as payee of an instrument is a fictitious person, the following rules apply until the instrument is negotiated by special endorsement: (a) Any person in possession of the instrument is its holder. (b) An endorsement by any person in the name of the payee stated in the instrument is effective as the endorsement of the payee in favor of a person who, in good faith, pays the instrument or takes it for value or for collection.

3. Under subsection 1 or 2, an endorsement is made in the name of a payee if it is made in a name substantially similar to that of the payee or the instrument, whether or not endorsed, is deposited in a depositary bank to an account in a name substantially similar to that of the payee.

4. With respect to an instrument to which subsection 1 or 2 applies, if a person paying the instrument or taking it for value or for collection fails to exercise ordinary care in paying or taking the instrument and that failure substantially contributes to loss resulting from payment of the instrument, the person bearing the loss may recover from the person failing to exercise ordinary care to the extent the failure to exercise ordinary care contributed to the loss.
Nev. Rev. Stat. § 104.9706 — NV Code / Title 8 / Chapter 104 / Section 104.9706
When initial financing statement suffices to continue effectiveness of financing statement filed before July 1, 2001
Status: in_force

1. The filing of an initial financing statement in the office specified in NRS 104.9501 continues the effectiveness of a financing statement filed before July 1, 2001, if: (a) The filing of an initial financing statement in that office would be effective to perfect a security interest under this article as amended; (b) The pre-effective-date financing statement was filed in an office in another state or another office in this State; and (c) The initial financing statement satisfies subsection 3.

2. The filing of an initial financing statement under subsection 1 continues the effectiveness of the pre-effective-date financing statement: (a) If the initial financing statement is filed before July 1, 2001, for the period provided in NRS 104.9403 before that date with respect to a financing statement; and (b) If the initial financing statement is filed on or after July 1, 2001, for the period provided in NRS 104.9515 with respect to an initial financing statement.

3. To be effective for purposes of subsection 1, an initial financing statement must: (a) Satisfy the requirements of part 5 for an initial financing statement; (b) Identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and (c) Indicate that the pre-effective-date financing statement remains effective.
Nev. Rev. Stat. § 100.020 — NV Code / Title 8 / Chapter 100 / Section 100.020
Levy of attachment or execution: Written notice; service; payment of claim; disputed claims; hearing; costs and pro rata payments
Status: in_force

1. In all cases of execution, attachment and writs of a similar nature against the property of any person or persons, chartered company or corporation, at any time before the actual sale of property levied upon, it shall be lawful for a miner, mechanic, salesperson, servant, clerk and laborer to give notice of his or her claim or claims and the amount thereof, duly certified and sworn to by the creditor or creditors making the claim to the officer executing either of such writs.

2. The creditor or creditors making the claim shall at the same time give notice in writing to the creditor or creditors at whose instance the property has been levied upon, or his, her or their attorney, of their claim or claims, and the amount thereof duly certified and sworn to by such claimant or claimants. A copy of the notice shall also be served upon the debtor if the debtor be found within the county where the property levied upon is situated. If the debtor cannot be found within the county where the property levied upon is situated, then the notice may be served upon the officer executing either of such writs in lieu of the debtor.

3. Upon the filing in the court where the action or actions against the debtor is or are pending of an affidavit of the claimant or claimants, showing his, her or their compliance with the foregoing provisions of this section, the officer executing either of the writs shall pay to such miners, mechanics, salespersons, servants, clerks or laborers, out of the proceeds of the sale, the amount each is justly and legally entitled to receive for services rendered, within 90 days next preceding the levy of the writ of execution, attachment, or other writ, not exceeding $600.

4. Either the creditor or the debtor may dispute the claim of any person seeking and claiming preference under this section, and in such case the party or parties disputing such claim shall serve a written notice that they dispute such claim upon the claimant or claimants, and upon the officer executing such writs, within 5 days from the time of service upon such creditor or debtor of the notice of the claim by the claimant seeking preference, as hereinbefore provided for.

5. Within 10 days from the time of the service provided for in subsection 4, the claimant or claimants shall commence an action in any court of competent jurisdiction against the debtor, and the person or persons disputing his, her or their claim or claims, for the recovery thereof, and shall prosecute such action with due diligence, or be forever barred from any claim of priority payment thereof. In case action is rendered necessary by the act aforesaid, by either debtor or creditor, and judgment shall be had for the claim or any part thereof, carrying costs, the costs attending the prosecution of the action, and legally taxable therein, shall likewise be a preferred claim with the same rank as the original claim.

6. If the amount of assets, after deducting costs of levy and sale, shall not be adequate to the payment of all the preferred claims of this class, they shall be paid pro rata out of the money hereby made applicable thereto.
Nev. Rev. Stat. § 100.040 — NV Code / Title 8 / Chapter 100 / Section 100.040
Requiring resort to different funds
Status: in_force

Where a creditor is entitled to resort to each of several funds for the satisfaction of his or her claim, and another person has an interest in, or is entitled as a creditor to resort to some, but not all, of them, the latter may require the former to seek satisfaction from those funds to which the latter has no such claim, so far as it can be done without impairing the right of the former to complete satisfaction, and without doing injustice to third persons.
Nev. Rev. Stat. § 104A.2103 — NV Code / Title 8 / Chapter 104A / Section 104A.2103
Definitions and index of definitions
Status: in_force

1. In this Article unless the context otherwise requires: (a) “ Buyer in ordinary course of business ” means a person who, in good faith and without knowledge that the sale to him or her is in violation of the ownership, rights or security interest or leasehold interest of a third party in the goods buys in ordinary course from a person in the business of selling goods of that kind but does not include a pawnbroker. “Buying” may be for cash or by exchange of other property or on secured or unsecured credit and includes acquiring goods or documents of title under a preexisting contract for sale but does not include a transfer in bulk or as security for or in total or partial satisfaction of a money debt. (b) “ Cancellation ” occurs when either party puts an end to the lease contract for default by the other party. (c) “ Commercial unit ” means such a unit of goods as by commercial usage is a single whole for purposes of lease and division of which materially impairs its character or value on the market or in use. A commercial unit may be a single Article, as a machine, or a set of Articles, as a suite of furniture or a line of machinery, or a quantity, as a gross or carload, or any other unit treated in use or in the relevant market as a single whole. (d) “ Conforming ” goods or performance under a lease contract means goods or performance that are in accordance with the obligations under the lease contract. (e) “ Consumer lease ” means a lease that a lessor regularly engaged in the business of leasing or selling makes to a lessee who is a natural person and who takes under the lease primarily for a personal, family or household purpose. (f) “ Fault ” means wrongful act, omission, breach or default. (g) “ Finance lease ” means a lease with respect to which: (1) The lessor does not select, manufacture or supply the goods; (2) The lessor acquires the goods or the right to possession and use of the goods in connection with the lease; and (3) One of the following occurs: (I) The lessee receives a copy of the contract by which the lessor acquired the goods or the right to possession and use of the goods before signing the lease contract; (II) The lessee's approval of the contract by which the lessor acquired the goods or the right to possession and use of the goods is a condition to effectiveness of the lease contract; (III) The lessee, before signing the lease contract, receives an accurate and complete statement designating the promises and warranties, and any disclaimers of warranties, limitations or modifications of remedies, or liquidated damages, including those of a third party, such as the manufacturer of the goods, provided to the lessor by the person supplying the goods in connection with or as part of the contract by which the lessor acquired the goods or the right to possession and use of the goods; or (IV) If the lease is not a consumer lease, the lessor, before the lessee signs the lease contract, informs the lessee in writing of the identity of the person supplying the goods to the lessor, unless the lessee has selected that person and directed the lessor to acquire the goods or the right to possession and use of the goods from that person, that the lessee is entitled under this Article to the promises and warranties, including those of any third party, provided to the lessor by the person supplying the goods in connection with or as part of the contract by which the lessor acquired the goods or the right to possession and use of the goods, and that the lessee may communicate with the person supplying the goods to the lessor and receive an accurate and complete statement of those promises and warranties, including any disclaimers and limitations of them or of remedies. (h) “ Goods ” means all things that are movable at the time of identification to the lease contract, or are fixtures ( NRS 104A.2309 ), but the term does not include money, documents, instruments, accounts, chattel paper, general intangibles, or minerals or the like, including oil and gas, before extraction. The term also includes the unborn young of animals. (i) “ Hybrid lease ” means a single transaction involving a lease of goods and: (1) The provision of services; (2) A sale of other goods; or (3) A sale, lease or license of property other than goods. (j) “ Installment lease contract ” means a lease contract that authorizes or requires the delivery of goods in separate lots to be separately accepted, even though the lease contract contains a clause “each delivery is a separate lease” or its equivalent. (k) “ Lease ” means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. Unless the context clearly indicates otherwise, the term includes a sublease. (l) “ Lease agreement ” means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this Article. Unless the context clearly indicates otherwise, the term includes a sublease agreement. (m) “ Lease contract ” means the total legal obligation that results from the lease agreement as affected by this Article and any other applicable rules of law. Unless the context clearly indicates otherwise, the term includes a sublease contract. (n) “ Leasehold interest ” means the interest of the lessor or the lessee under a lease contract. (o) “ Lessee ” means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee. (p) “ Lessee in ordinary course of business ” means a person who in good faith and without knowledge that the lease to him or her is in violation of the ownership rights or security interest or leasehold interest of a third party in the goods leases in ordinary course from a person in the business of selling or leasing goods of that kind but does not include a pawnbroker. “Leasing” may be for cash or by exchange of other property or on secured or unsecured credit and includes acquiring goods or documents of title under a preexisting lease contract but does not include a transfer in bulk or as security for or in total or partial satisfaction of a money debt. (q) “ Lessor ” means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor. (r) “ Lessor's residual interest ” means the lessor's interest in the goods after expiration, termination or cancellation of the lease contract. (s) “ Lien ” means a charge against or interest in goods to secure payment of a debt or performance of an obligation, but the term does not include a security interest. (t) “ Lot ” means a parcel or a single Article that is the subject matter of a separate lease or delivery, whether or not it is sufficient to perform the lease contract. (u) “ Merchant lessee ” means a lessee that is a merchant with respect to goods of the kind subject to the lease. (v) “ Present value ” means the amount as of a date certain of one or more sums payable in the future, discounted to the date certain. The discount is determined by the interest rate specified by the parties if the rate was not manifestly unreasonable at the time the transaction was entered into; otherwise, the discount is determined by a commercially reasonable rate that takes into account the facts and circumstances of each case at the time the transaction was entered into. (w) “ Purchase ” includes taking by sale, lease, mortgage, security interest, pledge, gift or any other voluntary transaction creating an interest in goods. (x) “ Sublease ” means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease. (y) “ Supplier ” means a person from whom a lessor buys or leases goods to be leased under a finance lease. (z) “ Supply contract ” means a contract under which a lessor buys or leases goods to be leased. (aa) “ Termination ” occurs when either party pursuant to a power created by agreement or law puts an end to the lease contract otherwise than for default.

2. Other definitions applying to this Article and the sections in which they appear are: “Accessions.” NRS 104A.2310 . “Construction mortgage.” NRS 104A.2309 . “Encumbrance.” NRS 104A.2309 . “Fixtures.” NRS 104A.2309 . “Fixture filing.” NRS 104A.2309 . “Purchase money lease.” NRS 104A.2309 .

3. The following definitions in other Articles apply to this Article: “Account.” NRS 104.9102 . “Between merchants.” NRS 104.2104 . “Buyer.” NRS 104.2103 . “Chattel paper.” NRS 104.9102 . “Consumer goods.” NRS 104.9102 . “Document.” NRS 104.9102 . “Entrusting.” NRS 104.2403 . “General intangible.” NRS 104.9102 . “Instrument.” NRS 104.9102 . “Merchant.” NRS 104.2104 . “Mortgage.” NRS 104.9102 . “Pursuant to commitment.” NRS 104.9102 . “Receipt.” NRS 104.2103 . “Sale.” NRS 104.2106 . “Sale on approval.” NRS 104.2326 . “Sale or return.” NRS 104.2326 . “Seller.” NRS 104.2103 .

4. In addition, Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.
Nev. Rev. Stat. § 104.3504 — NV Code / Title 8 / Chapter 104 / Section 104.3504
Excused presentment and notice of dishonor
Status: in_force

1. Presentment for payment or acceptance of an instrument is excused if: (a) The person entitled to present the instrument cannot with reasonable diligence make presentment; (b) The maker or acceptor has repudiated an obligation to pay the instrument or is dead or in insolvency proceedings; (c) By the terms of the instrument presentment is not necessary to enforce the obligation of endorsers or the drawer; (d) The drawer or endorser whose obligation is being enforced has waived presentment or otherwise has no reason to expect or right to require that the instrument be paid or accepted; or (e) The drawer instructed the drawee not to pay or accept the draft or the drawee was not obligated to the drawer to pay the draft.

2. Notice of dishonor is excused if by the terms of the instrument notice of dishonor is not necessary to enforce the obligation of a party to pay the instrument, or the party whose obligation is being enforced waived notice of dishonor. A waiver of presentment is also a waiver of notice of dishonor.

3. Delay in giving notice of dishonor is excused if the delay was caused by circumstances beyond the control of the person giving the notice and the person giving the notice exercised reasonable diligence after the cause of the delay ceased to operate.
Nev. Rev. Stat. § 99.050 — NV Code / Title 8 / Chapter 99 / Section 99.050
Agreed interest rates; compounding; charges or fees; maximum annual percentage rate for certain consumer credit extended to certain members of military or dependents
Status: in_force

1. Except as otherwise provided in subsection 2, parties may agree for the payment of any rate of interest on money due or to become due on any contract, for the compounding of interest if they choose, and for any other charges or fees. The parties shall specify in writing the rate upon which they agree, that interest is to be compounded if so agreed, and any other charges or fees to which they have agreed.

2. A creditor shall not charge an annual percentage rate that is greater than the lesser of 36 percent or the maximum annual percentage rate authorized under any federal law or regulation with respect to the consumer credit extended to a covered service member or a dependent of a covered service member. Any contract or agreement in violation of this subsection is void and unenforceable.

3. As used in this section: (a) “Annual percentage rate” has the meaning ascribed to it in the federal Truth in Lending Act, as amended, 15 U.S.C. §§ 1601 et seq., and the federal regulations adopted pursuant thereto. (b) “Consumer credit”: (1) Except as otherwise provided in subparagraph (2), means credit offered or extended to a covered service member or dependent of a covered service member primarily for personal, family or household purposes, and that is: (I) Subject to a finance charge; or (II) Payable by a written agreement in more than four installments. (2) Does not include: (I) A residential mortgage, which is any credit transaction secured by an interest in a dwelling, including a transaction to finance the purchase or initial construction of the dwelling, any refinance transaction, home equity loan or line of credit or reverse mortgage; (II) Any credit transaction that is expressly intended to finance the purchase of a motor vehicle when the credit is secured by the vehicle being purchased; (III) Any credit transaction that is expressly intended to finance the purchase of personal property when the credit is secured by the property being purchased; (IV) Any credit transaction that is an exempt transaction for the purposes of 12 C.F.R. Part 1026 , commonly known as Regulation Z, other than a transaction exempt under 12 C.F.R. § 1026.29 , or otherwise is not subject to disclosure requirements under 12 C.F.R. Part 1026 , commonly known as Regulation Z; and (V) Any credit transaction or account for credit for which a creditor determines that a natural person is not a covered borrower by using a method and by complying with the recordkeeping requirement set forth in 32 C.F.R. § 232.5(b) . (c) “Covered service member”: (1) Except as otherwise provided in subparagraph (2), means a member of the armed forces who is serving on: (I) Active duty pursuant to title 10, title 14 or title 32 of the United States Code, under a call or order that does not specify a period of 30 days or fewer; or (II) Active Guard and Reserve duty, as that term is defined in 10 U.S.C. § 101(d)(6) . (2) Does not include a consumer who was a covered service member pursuant to subparagraph (1) at the time he or she became obligated on a consumer credit transaction or established an account for consumer credit but is no longer a covered service member pursuant to subparagraph (1) or a dependent of a person who is a covered service member pursuant to subparagraph (1). (d) “ Credit ” means the right granted to a natural person by a person engaged in the business of extending consumer credit, or an assignee of such a person with respect to any consumer credit extended, to defer payment or to incur debt and defer its payment. (e) “ Dependent ” with respect to a covered service member means: (1) The spouse; (2) A child who: (I) Has not attained the age of 21; (II) Has not attained the age of 23, is enrolled in a full-time course of study at an institution of higher learning approved by the administering Secretary, as defined in 10 U.S.C. § 1072(3) , and is, or was at the time of the covered service member's or former covered service member's death, in fact dependent on the covered service member or former covered service member for over one-half of the child's support; or (III) Is incapable of self-support because of a mental or physical incapacity that occurs while a dependent of a covered service member or former covered service member under sub-subparagraph (I) or (II) and is, or was at the time of the covered service member's or former covered service member's death, in fact dependent on the member or former member for over one-half of the child's support; (3) A parent or parent-in-law who is, or was at the time of the covered service member's or former covered service member's death, in fact dependent on him or her for over one-half of his or her support and residing in his or her household; (4) An unmarried person who: (I) Is placed in the legal custody of the covered service member or former covered service member as a result of an order of a court of competent jurisdiction in the United States, or possession of the United States, for a period of at least 12 consecutive months; (II) Has not attained the age of 21, has not attained the age of 23 and is enrolled in a full-time course of study at an institution of higher learning approved by the administering Secretary, as defined in 10 U.S.C. § 1072(3) , or is incapable of self-support because of a mental or physical incapacity that occurred while the person was considered a dependent of the covered service member or former covered service member pursuant to this paragraph; (III) Is dependent on the covered service member or former covered service member for over one-half of the person's support; (IV) Resides with the covered service member or former covered service member unless separated by the necessity of military service or to receive institutional care as a result of disability or incapacitation or under such other circumstances as the administering Secretary, as defined in 10 U.S.C. § 1072(3) , may by regulation prescribe; and (V) Is not a dependent of a covered service member or a former covered service member pursuant to subparagraph (1), (2) or (3). (f) “ Dwelling ” means a residential structure that contains one to four units, whether or not the structure is attached to real property. The term includes, without limitation, an individual condominium unit, cooperative unit, mobile home and manufactured home.
Nev. Rev. Stat. § 104B.12106 — NV Code / Title 8 / Chapter 104B / Section 104B.12106
Discharge of account debtor on controllable account or controllable payment intangible
Status: in_force

1. An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying: (a) The person having control of the controllable electronic record that evidences the controllable account or controllable payment intangible; or (b) Except as provided in subsection 2, a person that formerly had control of the controllable electronic record.

2. Subject to subsection 4, the account debtor may not discharge its obligation by paying a person that formerly had control of the controllable electronic record if the account debtor receives a notification that: (a) Is signed by a person that formerly had control or the person to which control was transferred; (b) Reasonably identifies the controllable account or controllable payment intangible; (c) Notifies the account debtor that control of the controllable electronic record that evidences the controllable account or controllable payment intangible was transferred; (d) Identifies the transferee, in any reasonable way, including by name, identifying number, cryptographic key, office or account number; and (e) Provides a commercially reasonable method by which the account debtor is to pay the transferee.

3. After receipt of a notification that complies with subsection 2, the account debtor may discharge its obligation by paying in accordance with the notification and may not discharge the obligation by paying a person that formerly had control.

4. Subject to subsection 8, notification is ineffective under subsection 2: (a) Unless, before the notification is sent, the account debtor and the person that, at that time, had control of the controllable electronic record that evidences the controllable account or controllable payment intangible agree in a signed record to a commercially reasonable method by which a person may furnish reasonable proof that control has been transferred; (b) To the extent an agreement between the account debtor and seller of a payment intangible limits the account debtor's duty to pay a person other than the seller and the limitation is effective under law other than this Article; or (c) At the option of an account debtor, if the notification notifies the account debtor to: (1) Divide a payment; (2) Make less than the full amount of an installment or other periodic payment; or (3) Pay any part of a payment by more than one method or to more than one person.

5. Subject to subsection 8, if requested by the account debtor, the person giving the notification under subsection 2 seasonably shall furnish reasonable proof, using the method in the agreement referred to in paragraph (a) of subsection 4, that control of the controllable electronic record has been transferred. Unless the person complies with the request, the account debtor may discharge its obligation by paying a person that formerly had control, even if the account debtor has received a notification under subsection 2.

6. A person furnishes reasonable proof under subsection 5 that control has been transferred if the person demonstrates, using the method in the agreement referred to in paragraph (a) of subsection 4, that the transferee has the power to: (a) Avail itself of substantially all the benefit from the controllable electronic record; (b) Prevent others from availing themselves of substantially all the benefit from the controllable electronic record; and (c) Transfer the powers specified in paragraphs (a) and (b) to another person.

7. Subject to subsection 8, an account debtor may not waive or vary its rights under paragraph (a) of subsection 4 and subsection 5, or its option under paragraph (c) of subsection 4.

8. This section is subject to law other than this Article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family or household purposes.
Nev. Rev. Stat. § 104.9318 — NV Code / Title 8 / Chapter 104 / Section 104.9318
No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers
Status: in_force

1. A debtor that has sold an account, chattel paper, payment intangible or promissory note does not retain a legal or equitable interest in the collateral sold.

2. For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper, while the buyer's security interest is unperfected, the debtor has rights and title to the account or chattel paper identical to those the debtor sold.
Nev. Rev. Stat. § 104A.4212 — NV Code / Title 8 / Chapter 104A / Section 104A.4212
Liability and duty of receiving bank regarding unaccepted payment order
Status: in_force

If a receiving bank fails to accept a payment order that it is obliged by express agreement to accept, the bank is liable for breach of the agreement to the extent provided in the agreement or in this article, but does not otherwise have any duty to accept a payment order or, before acceptance, to take any action, or refrain from taking action, with respect to the order except as provided in this article or by express agreement. Liability based on acceptance arises only when acceptance occurs as stated in NRS 104A.4209 , and liability is limited to that provided in this article. A receiving bank is not the agent of the sender or beneficiary of the payment order it accepts, or of any other party to the funds transfer, and the bank owes no duty to any party to the funds transfer except as otherwise provided in this article or by express agreement.
Nev. Rev. Stat. § 100.143 — NV Code / Title 8 / Chapter 100 / Section 100.143
Blank space for essential provisions prohibited
Status: in_force

The lessor shall not obtain the signature of the lessee to any consumer vehicle lease when it contains blank spaces of items which are essential provisions of the transaction.
Nev. Rev. Stat. § 104.9202 — NV Code / Title 8 / Chapter 104 / Section 104.9202
Revised Statutes Title to collateral immaterial
Status: in_force

Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles or promissory notes, the provisions of this article with regard to rights and obligations apply whether or not title to collateral is in the secured party or the debtor.
Nev. Rev. Stat. § 104.3205 — NV Code / Title 8 / Chapter 104 / Section 104.3205
Special endorsement; blank endorsement; anomalous endorsement
Status: in_force

1. If an endorsement is made by the holder of an instrument, whether payable to an identified person or payable to bearer, and the endorsement identifies a person to whom it makes the instrument payable, it is a “special endorsement.” When specially endorsed, an instrument becomes payable to the identified person and may be negotiated only by the endorsement of that person. The principles stated in NRS 104.3110 apply to special endorsements.

2. If an endorsement is made by the holder of an instrument and it is not a special endorsement, it is a “blank endorsement.” When endorsed in blank, an instrument becomes payable to bearer and may be negotiated by transfer of possession alone until specially endorsed.

3. The holder may convert a blank endorsement that consists only of a signature into a special endorsement by writing, above the signature of the endorser, words identifying the person to whom the instrument is made payable.

4. “Anomalous endorsement” means an endorsement made by a person who is not the holder of the instrument. An anomalous endorsement does not affect the manner in which the instrument may be negotiated.
Nev. Rev. Stat. § 104.2607 — NV Code / Title 8 / Chapter 104 / Section 104.2607
Effect of acceptance; notice of breach; burden of establishing breach after acceptance; notice of claim or litigation to person answerable over
Status: in_force

1. The buyer must pay at the contract rate for any goods accepted.

2. Acceptance of goods by the buyer precludes rejection of the goods accepted and if made with knowledge of a nonconformity cannot be revoked because of it unless the acceptance was on the reasonable assumption that the nonconformity would be seasonably cured but acceptance does not of itself impair any other remedy provided by this Article for nonconformity.

3. Where a tender has been accepted: (a) The buyer must within a reasonable time after the buyer discovers or should have discovered any breach notify the seller of breach or be barred from any remedy; and (b) If the claim is one for infringement or the like (subsection 3 of NRS 104.2312 ) and the buyer is sued as a result of such a breach the buyer must so notify the seller within a reasonable time after he or she receives notice of the litigation or be barred from any remedy over for liability established by the litigation.

4. The burden is on the buyer to establish any breach with respect to the goods accepted.

5. Where the buyer is sued for breach of a warranty or other obligation for which the buyer’s seller is answerable over: (a) The buyer may give the seller written notice of the litigation. If the notice states that the seller may come in and defend and that if the seller does not do so the seller will be bound in any action against the seller by his or her buyer by any determination of fact common to the two litigations, then unless the seller after seasonable receipt of the notice does come in and defend the seller is so bound. (b) If the claim is one for infringement or the like (subsection 3 of NRS 104.2312 ) the original seller may demand in writing that the seller’s buyer turn over to him or her control of the litigation including settlement or else be barred from any remedy over and if the seller also agrees to bear all expense and to satisfy any adverse judgment, then unless the buyer after seasonable receipt of the demand does turn over control the buyer is so barred.

6. The provisions of subsections 3, 4 and 5 apply to any obligation of a buyer to hold the seller harmless against infringement or the like (subsection 3 of NRS 104.2312 ).
Nev. Rev. Stat. § 97.105 — NV Code / Title 8 / Chapter 97 / Section 97.105
“Retail installment contract” and “contract” defined
Status: in_force

1. “Retail installment contract” or “contract” means a contract, other than a retail charge agreement or an instrument reflecting a sale made pursuant thereto, entered into or performed in this state for a retail installment transaction.

2. The term includes a security agreement and a bailment contract or lease if the bailee or lessee contracts to pay as compensation for their use a sum substantially equivalent to or in excess of the value of the goods and if it is agreed that the bailee or lessee is bound to become or, without giving further substantial value, has the option of becoming the owner of the goods upon full compliance with the provisions of the bailment or lease.

3. The term does not include a bailment or lease of a vehicle where the lessee becomes or may become the owner of the vehicle by payment to the lessor of an amount which is substantially equal to the residual value or the unamortized capitalized cost, if the payment is not nominal.
Nev. Rev. Stat. § 104.8203 — NV Code / Title 8 / Chapter 104 / Section 104.8203
Staleness as notice of defect or defense
Status: in_force

After an act or event, other than a call that has been revoked, creating a right to immediate performance of the principal obligation represented by a certificated security or setting a date on or after which the security is to be presented or surrendered for redemption or exchange, a purchaser is charged with notice of any defect in its issue or defense of the issuer if the act or event:

1. Requires the payment of money, the delivery of a certificated security, the registration of transfer of an uncertificated security, or any of them on presentation or surrender of the security certificate, the money or security is available on the date set for payment or exchange, and the purchaser takes the security more than 1 year after that date; or

2. Is not covered by subsection 1 and the purchaser takes the security more than 2 years after the date set for surrender or presentation or the date on which performance became due.
Nev. Rev. Stat. § 104.1201 — NV Code / Title 8 / Chapter 104 / Section 104.1201
General definitions
Status: in_force

1. Unless the context otherwise requires, words or phrases defined in this section, or in the additional definitions contained in other Articles of the Uniform Commercial Code that apply to particular Articles or parts thereof, have the meanings stated.

2. Subject to definitions contained in other Articles of the Uniform Commercial Code that apply to particular Articles or parts thereof: (a) “ Action ,” in the sense of a judicial proceeding, includes recoupment, counterclaim, set off, suit in equity and any other proceeding in which rights are determined. (b) “ Aggrieved party ” means a party entitled to pursue a remedy. (c) “ Agreement ,” as distinguished from “ contract ,” means the bargain of the parties in fact, as found in their language or inferred from other circumstances, including course of performance, course of dealing, or usage of trade as provided in NRS 104.1303 . (d) “ Bank ” means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union and trust company. (e) “ Bearer ” means a person in control of a negotiable electronic document of title or a person in possession of a negotiable instrument, negotiable tangible document of title or certificated security that is payable to bearer or endorsed in blank. (f) “ Bill of lading ” means a document of title evidencing the receipt of goods for shipment issued by a person engaged in the business of directly or indirectly transporting or forwarding goods. The term does not include a warehouse receipt. (g) “ Branch ” includes a separately incorporated foreign branch of a bank. (h) “ Burden of establishing ” a fact means the burden of persuading the trier of fact that the existence of the fact is more probable than its nonexistence. (i) “ Buyer in ordinary course of business ” means a person that buys goods in good faith, without knowledge that the sale violates the rights of another person in the goods, and in the ordinary course from a person, other than a pawnbroker, in the business of selling goods of that kind. A person buys goods in the ordinary course if the sale to the person comports with the usual or customary practices in the kind of business in which the seller is engaged or with the seller's own usual or customary practices. A person that sells oil, gas or other minerals at the wellhead or minehead is a person in the business of selling goods of that kind. A buyer in ordinary course of business may buy for cash, by exchange of other property, or on secured or unsecured credit, and may acquire goods or documents of title under a preexisting contract for sale. Only a buyer that takes possession of the goods or has a right to recover the goods from the seller under Article 2 may be a buyer in ordinary course of business. “Buyer in ordinary course of business” does not include a person that acquires goods in a transfer in bulk or as security for or in total or partial satisfaction of a money debt. (j) “ Conspicuous ,” with reference to a term, means so written, displayed or presented that, based on the totality of the circumstances, a reasonable person against which it is to operate ought to have noticed it. Whether a term is “conspicuous” or not is a decision for the court. (k) “ Consumer ” means a natural person who enters into a transaction primarily for personal, family or household purposes. (l) “ Contract ,” as distinguished from “ agreement ,” means the total legal obligation that results from the parties' agreement as determined by the Uniform Commercial Code as supplemented by any other applicable laws. (m) “ Creditor ” includes a general creditor, a secured creditor, a lien creditor and any representative of creditors, including an assignee for the benefit of creditors, a trustee in bankruptcy, a receiver in equity, and an executor or administrator of an insolvent debtor's or assignor's estate. (n) “ Defendant ” includes a person in the position of defendant in a counterclaim, cross-claim or third-party claim. (o) “ Delivery ,” with respect to an electronic document of title, means voluntary transfer of control and, with respect to an instrument, a tangible document of title or an authoritative tangible copy of a record evidencing chattel paper, means voluntary transfer of possession. (p) “ Document of title ” means a record: (1) That in the regular course of business or financing is treated as adequately evidencing that the person in possession or control of the record is entitled to receive, control, hold and dispose of the record and the goods the record covers; and (2) That purports to be issued by or addressed to a bailee and to cover goods in the bailee's possession which are either identified or are fungible portions of an identified mass. The term includes a bill of lading, transport document, dock warrant, dock receipt, warehouse receipt and order for delivery of goods. An electronic document of title means a document of title evidenced by a record consisting of information stored in an electronic medium. A tangible document of title means a document of title evidenced by a record consisting of information that is inscribed on a tangible medium. (q) “ Electronic ” means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic or similar capabilities. (r) “ Fault ” means a default, breach or wrongful act or omission. (s) “ Fungible goods ” means: (1) Goods of which any unit, by nature or usage of trade, is the equivalent of any other like unit; or (2) Goods that by agreement are treated as equivalent. (t) “ Genuine ” means free of forgery or counterfeiting. (u) “ Good faith ,” except as otherwise provided in Article 5, means honesty in fact and the observance of reasonable commercial standards of fair dealing. (v) “ Holder ” means: (1) The person in possession of a negotiable instrument that is payable either to bearer or to an identified person that is the person in possession; (2) The person in possession of a negotiable tangible document of title if the goods are deliverable either to bearer or to the order of the person in possession; or (3) The person in control, other than pursuant to subsection 7 of NRS 104.7106 , of a negotiable electronic document of title. (w) “ Insolvency proceeding ” includes an assignment for the benefit of creditors or other proceeding intended to liquidate or rehabilitate the estate of the person involved. (x) “ Insolvent ” means: (1) Having generally ceased to pay debts in the ordinary course of business other than as a result of bona fide dispute; (2) Being unable to pay debts as they become due; or (3) Being insolvent within the meaning of federal bankruptcy law. (y) “ Money ” means a medium of exchange that is currently authorized or adopted by a domestic or foreign government and is not a central bank digital currency. The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more countries. As used in this paragraph, “ central bank digital currency ”: (1) Means a digital currency, a digital medium of exchange or a digital monetary unit of account issued by the United States Federal Reserve System, a federal agency, a foreign government, a foreign central bank or a foreign reserve system that is made directly available to a consumer by such entities; and (2) Includes a digital currency, a digital medium of exchange or a digital monetary unit of account issued by the United States Federal Reserve System, a federal agency, a foreign government, a foreign central bank or a foreign reserve system that is processed or validated directly by such entities. (z) “ Organization ” means a person other than a natural person. (aa) “ Party ,” as distinguished from “ third party ,” means a person that has engaged in a transaction or made an agreement subject to the Uniform Commercial Code. (bb) “ Person ” means a natural person, corporation, business trust, estate, trust, partnership, limited-liability company, association, joint venture, government, governmental subdivision, agency or instrumentality, or any other legal or commercial entity. The term includes a protected series, however denominated, of an entity if the protected series is established under law other than the Uniform Commercial Code that limits, or limits if conditions specified under the law are satisfied, the ability of a creditor of the entity or of any other protected series of the entity to satisfy a claim from assets of the protected series. (cc) “ Present value ” means the amount as of a date certain of one or more sums payable in the future, discounted to the date certain by use of either an interest rate specified by the parties if that rate is not manifestly unreasonable at the time the transaction is entered into or, if an interest rate is not so specified, a commercially reasonable rate that takes into account the facts and circumstances at the time the transaction is entered into. (dd) “ Purchase ” means taking by sale, lease, discount, negotiation, mortgage, pledge, lien, security interest, issue or reissue, gift or any other voluntary transaction creating an interest in property. (ee) “ Purchaser ” means a person that takes by purchase. (ff) “ Record ” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. (gg) “ Remedy ” means any remedial right to which an aggrieved party is entitled with or without resort to a tribunal. (hh) “ Representative ” means a person empowered to act for another, including an agent, an officer of a corporation or association, and a trustee, executor or administrator of an estate. (ii) “ Right ” includes remedy. (jj) “ Security interest ” means an interest in personal property or fixtures which secures payment or performance of an obligation. “ Security interest ” includes any interest of a consignor and a buyer of accounts, chattel paper, a payment intangible or a promissory note in a transaction that is subject to Article 9. “Security interest” does not include the special property interest of a buyer of goods on identification of those goods to a contract for sale under NRS 104.2401 , but a buyer may also acquire a “security interest” by complying with Article 9. Except as otherwise provided in NRS 104.2505 , the right of a seller or lessor of goods under Article 2 or 2A to retain or acquire possession of the goods is not a “security interest,” but a seller or lessor may also acquire a “security interest” by complying with Article 9. The retention or reservation of title by a seller of goods notwithstanding shipment or delivery to the buyer under NRS 104.2401 is limited in effect to a reservation of a “security interest.” Whether a transaction in the form of a lease creates a “security interest” is determined pursuant to NRS 104.1203 . (kk) “ Send ,” in connection with a record or notification, means: (1) To deposit in the mail, deliver for transmission or transmit by any other usual means of communication, with postage or cost of transmission provided for and addressed to any address reasonable under the circumstances; or (2) To cause the record or notification to be received within the time it would have been received if properly sent under subparagraph (1). (ll) “ Sign ” means, with present intent to authenticate or adopt a record: (1) Execute or adopt a tangible symbol; or (2) Attach to or logically associate with the record an electronic symbol, sound or process. “ Signed ,” “ signing ” and “ signature ” have corresponding meanings. (mm) “ State ” means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. (nn) “ Surety ” includes a guarantor or other secondary obligor. (oo) “ Term ” means a portion of an agreement that relates to a particular matter. (pp) “ Unauthorized signature ” means a signature made without actual, implied or apparent authority. The term includes a forgery. (qq) “ Warehouse receipt ” means a document of title issued by a person engaged in the business of storing goods for hire. (rr) “ Writing ” includes printing, typewriting or any other intentional reduction to tangible form. “Written” has a corresponding meaning.
Nev. Rev. Stat. § 104.9616 — NV Code / Title 8 / Chapter 104 / Section 104.9616
Explanation of calculation of surplus or deficiency
Status: in_force

1. In this section: (a) “ Explanation ” means a record that: (1) States the amount of the surplus or deficiency; (2) Provides an explanation in accordance with subsection 3 of how the secured party calculated the surplus or deficiency; (3) States, if applicable, that future debits, credits, charges, including additional credit service charges or interest rebates, and expenses may affect the amount of the surplus or deficiency; and (4) Provides a telephone number or mailing address from which additional information concerning the transaction is available. (b) “ Request ” means a record: (1) Signed by a debtor or consumer obligor; (2) Requesting that the recipient provide an explanation; and (3) Sent after disposition of the collateral under NRS 104.9610 .

2. In a consumer-goods transaction in which the debtor is entitled to a surplus or a consumer obligor is liable for a deficiency under NRS 104.9615 , the secured party shall: (a) Send an explanation to the debtor or consumer obligor, as applicable, after the disposition and: (1) Before or when the secured party accounts to the debtor and pays any surplus or first makes demand in a record on the consumer obligor after the disposition for payment of the deficiency; and (2) Within 14 days after receipt of a request; or (b) In the case of a consumer obligor who is liable for a deficiency, within 14 days after receipt of a request, send to the consumer obligor a record waiving the secured party's right to a deficiency.

3. To comply with subparagraph (2) of paragraph (a) of subsection 1, an explanation must provide the following information in the following order: (a) The aggregate amount of obligations secured by the security interest under which the disposition was made, and, if the amount reflects a rebate of unearned interest or credit service charge, an indication of that fact, calculated as of a specified date: (1) If the secured party takes or receives possession of the collateral after default, not more than 35 days before the secured party takes or receives possession; or (2) If the secured party takes or receives possession of the collateral before default or does not take possession of the collateral, not more than 35 days before the disposition; (b) The amount of proceeds of the disposition; (c) The aggregate amount of the obligations after deducting the amount of proceeds; (d) The amount, in the aggregate or by type, and types of expenses, including expenses of retaking, holding, preparing for disposition, processing and disposing of the collateral, and attorney's fees secured by the collateral which are known to the secured party and relate to the current disposition; (e) The amount, in the aggregate or by type, and types of credits, including rebates of interest or credit service charges, to which the obligor is known to be entitled and which are not reflected in the amount in paragraph (a); and (f) The amount of the surplus or deficiency.

4. A particular phrasing of the explanation is not required. An explanation complying substantially with the requirements of paragraph (a) of subsection 1 is sufficient, even if it includes minor errors that are not seriously misleading.

5. A debtor or consumer obligor is entitled without charge to one response to a request under this section during any 6-month period in which the secured party did not send to the debtor or consumer obligor an explanation pursuant to paragraph (a) of subsection 2. The secured party may require payment of a charge not exceeding $25 for each additional response.
Nev. Rev. Stat. § 104.9408 — NV Code / Title 8 / Chapter 104 / Section 104.9408
Restrictions on assignment or transfer of promissory notes, health-care insurance receivables and certain general intangibles ineffective
Status: in_force

1. Except as otherwise provided in subsections 2 and 5, a term in a promissory note or in an agreement between an account debtor and a debtor which relates to a health-care-insurance receivable or a general intangible, including a contract, permit, license or franchise, and prohibits, restricts or requires the consent of the person obligated on the promissory note or the account debtor to, the assignment or transfer of, or creation, attachment, or perfection of a security interest in, the promissory note, health-care-insurance receivable or general intangible, is ineffective to the extent that the term: (a) Would impair the creation, attachment or perfection of a security interest; or (b) Provides that the assignment or transfer, or the creation, attachment or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination or remedy under the promissory note, health-care-insurance receivable or general intangible.

2. Subsection 1 applies to a security interest in a payment intangible or promissory note only if the security interest arises out of a sale of the payment intangible or promissory note, other than a sale pursuant to a disposition under NRS 104.9610 or an acceptance of collateral under NRS 104.9620 .

3. Except as otherwise provided in subsection 5, a rule of law, statute, or regulation that prohibits, restricts, or requires the consent of a government, governmental body or official, person obligated on a promissory note, or account debtor to the assignment or transfer of, or creation of a security interest in, a promissory note, health-care-insurance receivable or general intangible, including a contract, permit, license or franchise between an account debtor and a debtor, is ineffective to the extent that the rule of law, statute or regulation: (a) Would impair the creation, attachment or perfection of a security interest; or (b) Provides that the assignment or transfer, or the creation, attachment or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination or remedy under the promissory note, health-care-insurance receivable or general intangible.

4. To the extent that a term in a promissory note or in an agreement between an account debtor and a debtor which relates to a health-care-insurance receivable or general intangible or a rule of law, statute, or regulation described in subsection 3 would be effective under law other than this article but is ineffective under subsection 1 or 3, the creation, attachment or perfection of a security interest in the promissory note, health-care-insurance receivable or general intangible: (a) Is not enforceable against the person obligated on the promissory note or the account debtor; (b) Does not impose a duty or obligation on the person obligated on the promissory note or the account debtor; (c) Does not require the person obligated on the promissory note or the account debtor to recognize the security interest, pay or render performance to the secured party or accept payment or performance from the secured party; (d) Does not entitle the secured party to use or assign the debtor's rights under the promissory note, health-care-insurance receivable or general intangible, including any related information or materials furnished to the debtor in the transaction giving rise to the promissory note, health-care-insurance receivable or general intangible; (e) Does not entitle the secured party to use, assign, possess or have access to any trade secrets or confidential information of the person obligated on the promissory note or the account debtor; and (f) Does not entitle the secured party to enforce the security interest in the promissory note, health-care-insurance receivable or general intangible.

5. This section does not apply to a security interest in an ownership interest in a general partnership, limited partnership or limited-liability company.

6. In this section, “ promissory note ” includes a negotiable instrument that evidences chattel paper.
Nev. Rev. Stat. § 104.8306 — NV Code / Title 8 / Chapter 104 / Section 104.8306
Effect of guaranteeing signature, endorsement or instruction
Status: in_force

1. A person who guarantees a signature of an endorser of a security certificate warrants that at the time of signing: (a) The signature was genuine; (b) The signer was an appropriate person to endorse, or if the signature is by an agent, the agent had actual authority to act on behalf of the appropriate person; and (c) The signer had legal capacity to sign.

2. A person who guarantees a signature of the originator of an instruction warrants that at the time of signing: (a) The signature was genuine; (b) The signer was an appropriate person to originate the instruction, or if the signature is by an agent, the agent had actual authority to act on behalf of the appropriate person, if the person specified in the instruction as the registered owner was, in fact, the registered owner, as to which fact the signature guarantor does not make a warranty; and (c) The signer had legal capacity to sign.

3. A person who specially guarantees the signature of the originator of an instruction makes the warranties of a guarantor under subsection 2 and also warrants that at the time the instruction is presented to the issuer: (a) The person specified in the instruction as the registered owner of the uncertificated security will be the registered owner; and (b) The transfer of the uncertificated security requested in the instruction will be registered by the issuer free from all liens, security interests, restrictions and claims other than those specified in the instruction.

4. A guarantor under subsections 1 and 2 or a special guarantor under subsection 3 does not otherwise warrant the rightfulness of the transfer.

5. A person who guarantees an endorsement of a security certificate makes the warranties of a guarantor under subsection 1 and also warrants the rightfulness of the transfer in all respects.

6. A person who guarantees an instruction requesting the transfer of an uncertificated security makes the warranties of a special guarantor under subsection 3 and also warrants the rightfulness of the transfer in all respects.

7. An issuer may not require a special guaranty of signature, a guaranty of endorsement or a guaranty of instruction as a condition to registration of transfer.

8. The warranties under this section are made to a person taking or dealing with the security in reliance on the guaranty, and the guarantor is liable to the person for loss resulting from their breach. An endorser or originator of an instruction whose signature, endorsement or instruction has been guaranteed is liable to a guarantor for any loss suffered by the guarantor as a result of a breach of the warranties of the guarantor.
Nev. Rev. Stat. § 104.9102 — NV Code / Title 8 / Chapter 104 / Section 104.9102
Definitions and index of definitions
Status: in_force

1. In this Article: (a) “ Accession ” means goods that are physically united with other goods in such a manner that the identity of the original goods is not lost. (b) “ Account ,” except as used in “account for,” “account statement,” “account to,” “commodity account” in paragraph (o), “customer's account,” “deposit account” in paragraph (ff), “on account of” and “statement of account” means a right to payment of a monetary obligation, whether or not earned by performance, for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of; for services rendered or to be rendered; for a policy of insurance issued or to be issued; for a secondary obligation incurred or to be incurred; for energy provided or to be provided; for the use or hire of a vessel under a charter or other contract; arising out of the use of a credit or charge card or information contained on or for use with the card; or as winnings in a lottery or other game of chance operated or sponsored by a state, governmental unit of a state, or person licensed or authorized to operate the game by a state or governmental unit of a state. The term includes controllable accounts and health-care-insurance receivables. The term does not include chattel paper; commercial tort claims; deposit accounts; investment property; letter-of-credit rights or letters of credit; rights to payment for money or funds advanced or sold, other than rights arising out of the use of a credit or charge card or information contained on or for use with the card; or rights to payment evidenced by an instrument. (c) “ Account debtor ” means a person obligated on an account, chattel paper or general intangible. The term does not include persons obligated to pay a negotiable instrument, even if the negotiable instrument evidences chattel paper. (d) “ Accounting ,” except as used in “ accounting for ,” means a record: (1) Signed by a secured party; (2) Indicating the aggregate unpaid secured obligations as of a date not more than 35 days earlier or 35 days later than the date of the record; and (3) Identifying the components of the obligations in reasonable detail. (e) “ Agricultural lien ” means an interest, other than a security interest, in farm products: (1) Which secures payment or performance of an obligation for: (I) Goods or services furnished in connection with a debtor's farming operation; or (II) Rent on real property leased by a debtor in connection with its farming operation; (2) Which is created by statute in favor of a person that: (I) In the ordinary course of its business furnished goods or services to a debtor in connection with his or her farming operation; or (II) Leased real property to a debtor in connection with his or her farming operation; and (3) Whose effectiveness does not depend on the person's possession of the personal property. (f) “ As-extracted collateral ” means: (1) Oil, gas or other minerals that are subject to a security interest that: (I) Is created by a debtor having an interest in the minerals before extraction; and (II) Attaches to the minerals as extracted; or (2) Accounts arising out of the sale at the wellhead or minehead of oil, gas or other minerals in which the debtor had an interest before extraction. (g) “ Assignee ,” except as used in “assignee for benefit of creditors,” means a person: (1) In whose favor a security interest that secures an obligation is created or provided for under a security agreement, whether or not the obligation is outstanding; or (2) To which an account, chattel paper, payment intangible or promissory note has been sold. The term includes a person to which a security interest has been transferred by a secured party. (h) “ Assignor ” means a person that: (1) Under a security agreement creates or provides for a security interest that secures an obligation; or (2) Sells an account, chattel paper, payment intangible or promissory note. The term includes a secured party that has transferred a security interest to another person. (i) “ Bank ” means an organization that is engaged in the business of banking. The term includes savings banks, savings and loan associations, credit unions and trust companies. (j) “ Cash proceeds ” means proceeds that are money, checks, deposit accounts or the like. (k) “ Certificate of title ” means a certificate of title with respect to which a statute provides for the security interest in question to be indicated on the certificate as a condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to the collateral. The term includes another record maintained as an alternative to a certificate of title by the governmental unit that issues certificates of title if a statute permits the security interest in question to be indicated on the record as a condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to the collateral. (l) “ Chattel paper ” means: (1) A right to payment of a monetary obligation secured by specific goods, if the right to payment and security agreement are evidenced by a record; or (2) A right to payment of a monetary obligation owed by a lessee under a lease agreement with respect to specific goods and a monetary obligation owed by the lessee in connection with the transaction giving rise to the lease, if: (I) The right to payment and lease agreement are evidenced by a record; and (II) The predominant purpose of the transaction giving rise to the lease was to give the lessee the right to possession and use of the goods. The term does not include a right to payment arising out of a charter or other contract involving the use or hire of a vessel or a right to payment arising out of the use of a credit or charge card or information contained on or for use with the card. (m) “ Collateral ” means the property subject to a security interest or agricultural lien. The term includes: (1) Proceeds to which a security interest attaches; (2) Accounts, chattel paper, payment intangibles and promissory notes that have been sold; and (3) Goods that are the subject of a consignment. (n) “ Commercial tort claim ” means a claim arising in tort with respect to which: (1) The claimant is an organization; or (2) The claimant is a natural person and the claim: (I) Arose in the course of the claimant's business or profession; and (II) Does not include damages arising out of personal injury to or the death of a natural person. (o) “ Commodity account ” means an account maintained by a commodity intermediary in which a commodity contract is carried for a commodity customer. (p) “ Commodity contract ” means a commodity futures contract, an option on a commodity futures contract, a commodity option or another contract if the contract or option is: (1) Traded on or subject to the rules of a board of trade that has been designated as a contract market for such a contract pursuant to federal commodities laws; or (2) Traded on a foreign commodity board of trade, exchange or market, and is carried on the books of a commodity intermediary for a commodity customer. (q) “ Commodity customer ” means a person for which a commodity intermediary carries a commodity contract on its books. (r) “ Commodity intermediary ” means a person that: (1) Is registered as a futures commission merchant under federal commodities law; or (2) In the ordinary course of its business provides clearance or settlement services for a board of trade that has been designated as a contract market pursuant to federal commodities law. (s) “ Communicate ” means: (1) To send a written or other tangible record; (2) To transmit a record by any means agreed upon by the persons sending and receiving the record; or (3) In the case of transmission of a record to or by a filing office, to transmit a record by any means prescribed by filing-office rule. (t) “ Consignee ” means a merchant to which goods are delivered in a consignment. (u) “ Consignment ” means a transaction, regardless of its form, in which a person delivers goods to a merchant for the purpose of sale and: (1) The merchant: (I) Deals in goods of that kind under a name other than the name of the person making delivery; (II) Is not an auctioneer; and (III) Is not generally known by its creditors to be substantially engaged in selling the goods of others; (2) With respect to each delivery, the aggregate value of the goods is $1,000 or more at the time of delivery; (3) The goods are not consumer goods immediately before delivery; and (4) The transaction does not create a security interest that secures an obligation. (v) “ Consignor ” means a person that delivers goods to a consignee in a consignment. (w) “ Consumer debtor ” means a debtor in a consumer transaction. (x) “ Consumer goods ” means goods that are used or bought for use primarily for personal, family or household purposes. (y) “ Consumer-goods transaction ” means a consumer transaction to the extent that: (1) A natural person incurs an obligation primarily for personal, family or household purposes; and (2) A security interest in consumer goods or in consumer goods and software that is held or acquired primarily for personal, family or household purposes secures the obligation. (z) “ Consumer obligor ” means an obligor who is a natural person and who incurred the obligation as part of a transaction entered into primarily for personal, family or household purposes. (aa) “ Consumer transaction ” means a transaction to the extent that a natural person incurs an obligation primarily for personal, family or household purposes; a security interest secures the obligation; and the collateral is held or acquired primarily for personal, family or household purposes. The term includes consumer-goods transactions. (bb) “ Continuation statement ” means a change of a financing statement which: (1) Identifies, by its file number, the initial financing statement to which it relates; and (2) Indicates that it is a continuation statement for, or that it is filed to continue the effectiveness of, the identified financing statement. (cc) “ Controllable account ” means an account evidenced by a controllable electronic record that provides that the account debtor undertakes to pay the person that has control under NRS 104B.12105 of the controllable electronic record. (dd) “ Controllable payment intangible ” means a payment intangible evidenced by a controllable electronic record that provides that the account debtor undertakes to pay the person that has control under NRS 104B.12105 of the controllable electronic record. (ee) “ Debtor ” means: (1) A person having an interest, other than a security interest or other lien, in the collateral, whether or not the person is an obligor; (2) A seller of accounts, chattel paper, payment intangibles or promissory notes; or (3) A consignee. (ff) “ Deposit account ” means a demand, time, savings, passbook or similar account maintained with a bank. The term does not include investment property or accounts evidenced by an instrument. (gg) “ Document ” means a document of title or a receipt of the type described in subsection 2 of NRS 104.7201 . (hh) “ Encumbrance ” means a right, other than an ownership interest, in real property. The term includes mortgages and other liens on real property. (ii) “ Equipment ” means goods other than inventory, farm products or consumer goods. (jj) “ Farm products ” means goods, other than standing timber, with respect to which the debtor is engaged in a farming operation and which are: (1) Crops grown, growing or to be grown, including: (I) Crops produced on trees, vines and bushes; and (II) Aquatic goods produced in aquacultural operations; (2) Livestock, born or unborn, including aquatic goods produced in aquacultural operations; (3) Supplies used or produced in a farming operation; or (4) Products of crops or livestock in their unmanufactured states. (kk) “ Farming operation ” means raising, cultivating, propagating, fattening, grazing, or any other farming, livestock, or aquacultural operation. (ll) “ File number ” means the number assigned to an initial financing statement pursuant to subsection 1 of NRS 104.9519 . (mm) “ Filing office ” means an office designated in NRS 104.9501 as the place to file a financing statement. (nn) “ Filing-office rule ” means a rule adopted pursuant to NRS 104.9526 . (oo) “ Financing statement ” means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement. (pp) “ Fixture filing ” means the filing of a financing statement covering goods that are or are to become fixtures and satisfying subsections 1 and 2 of NRS 104.9502 . The term includes the filing of a financing statement covering goods of a transmitting utility which are or are to become fixtures. (qq) “ Fixtures ” means goods that have become so related to particular real property that an interest in them arises under real property law. (rr) “ General intangible ” means any personal property, including things in action, other than accounts, chattel paper, commercial tort claims, deposit accounts, documents, goods, instruments, investment property, letter-of-credit rights, letters of credit, money, and oil, gas or other minerals before extraction. The term includes controllable electronic records, payment intangibles and software. (ss) “ Goods ” means all things that are movable when a security interest attaches. The term includes fixtures; standing timber that is to be cut and removed under a conveyance or contract for sale; the unborn young of animals; crops grown, growing, or to be grown, even if the crops are produced on trees, vines, or bushes; and manufactured homes. The term also includes a computer program embedded in goods and any supporting information provided in connection with a transaction relating to the program if the program is associated with the goods in such a manner that it customarily is considered part of the goods, or by becoming the owner of the goods, a person acquires a right to use the program in connection with the goods. The term does not include a computer program embedded in goods that consist solely of the medium in which the program is embedded. The term also does not include accounts, chattel paper, commercial tort claims, deposit accounts, documents, general intangibles, instruments, investment property, letter-of-credit rights, letters of credit, money, or oil, gas or other minerals before extraction. (tt) “ Governmental unit ” means a subdivision, agency, department, county, parish, municipality, or other unit of the government of the United States, a state, or a foreign country. The term includes an organization having a separate corporate existence if the organization is eligible to issue debt on which interest is exempt from income taxation under the laws of the United States. (uu) “ Health-care-insurance receivable ” means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided. (vv) “ Instrument ” means a negotiable instrument or any other writing that evidences a right to the payment of a monetary obligation, is not itself a security agreement or lease, and is of a type that in ordinary course of business is transferred by delivery with any necessary endorsement or assignment. The term does not include investment property, letters of credit, writings that evidence a right to payment arising out of the use of a credit or charge card or information contained on or for use with the card or writings that evidence chattel paper. (ww) “ Inventory ” means goods, other than farm products, which: (1) Are leased by a person as lessor; (2) Are held by a person for sale or lease or to be furnished under a contract of service; (3) Are furnished by a person under a contract of service; or (4) Consist of raw materials, work in process, or materials used or consumed in a business. (xx) “ Investment property ” means a security, whether certificated or uncertificated, security entitlement, securities account, commodity contract, or commodity account. (yy) “ Jurisdiction of organization ,” with respect to a registered organization, means the jurisdiction under whose law the organization is formed or organized. (zz) “ Letter-of-credit right ” means a right to payment or performance under a letter of credit, whether or not the beneficiary has demanded or is at the time entitled to demand payment or performance. The term does not include the right of a beneficiary to demand payment or performance under a letter of credit. (aaa) “ Lien creditor ” means: (1) A creditor that has acquired a lien on the property involved by attachment, levy or the like; (2) An assignee for benefit of creditors from the time of assignment; (3) A trustee in bankruptcy from the date of the filing of the petition; or (4) A receiver in equity from the time of appointment. (bbb) “ Manufactured home ” means a structure, transportable in one or more sections, which in the traveling mode, is 8 feet or more in body width or 40 feet or more in body length, or, when erected on-site, is 320 or more square feet, and which is built on a permanent chassis and designed to be used as a dwelling with or without a permanent foundation when connected to the required utilities, and includes the plumbing, heating, air-conditioning and electrical systems contained therein. The term includes any structure that meets all of the requirements of this paragraph except the size requirements and with respect to which the manufacturer voluntarily files a certification required by the United States Secretary of Housing and Urban Development and complies with the standards established under Title 42 of the United States Code. (ccc) “ Manufactured-home transaction ” means a secured transaction: (1) That creates a purchase-money security interest in a manufactured home, other than a manufactured home held as inventory; or (2) In which a manufactured home, other than a manufactured home held as inventory, is the primary collateral. (ddd) “ Money ” has the meaning ascribed to it in paragraph (y) of subsection 2 of NRS 104.1201 , but does not include a deposit account. (eee) “ Mortgage ” means a consensual interest in real property, including fixtures, which is created by a mortgage, deed of trust, or similar transaction. (fff) “ New debtor ” means a person that becomes bound as debtor under subsection 4 of NRS 104.9203 by a security agreement previously entered into by another person. (ggg) “ New value ” means money; money's worth in property, services or new credit; or release by a transferee of an interest in property previously transferred to the transferee. The term does not include an obligation substituted for another obligation. (hhh) “ Noncash proceeds ” means proceeds other than cash proceeds. (iii) “ Obligor ” means a person that, with respect to an obligation secured by a security interest in or an agricultural lien on the collateral, owes payment or other performance of the obligation, has provided property other than the collateral to secure payment or other performance of the obligation, or is otherwise accountable in whole or in part for payment or other performance of the obligation. The term does not include an issuer or a nominated person under a letter of credit. (jjj) “ Original debtor ” means, except as used in subsection 3 of NRS 104.9310 , a person that, as debtor, entered into a security agreement to which a new debtor has become bound under subsection 4 of NRS 104.9203 . (kkk) “ Payment intangible ” means a general intangible under which the account debtor's principal obligation is a monetary obligation. The term includes a controllable payment intangible. (lll) “ Person related to ,” with respect to a natural person, means: (1) The person's spouse; (2) The person's brother, brother-in-law, sister or sister-in-law; (3) The person's or the person's spouse's ancestor or lineal descendant; or (4) Any other relative, by blood or marriage, of the person or the person's spouse who shares the same home with him or her. (mmm) “ Person related to ,” with respect to an organization, means: (1) A person directly or indirectly controlling, controlled by or under common control with the organization; (2) An officer or director of, or a person performing similar functions with respect to, the organization; (3) An officer or director of, or a person performing similar functions with respect to, a person described in subparagraph (1); (4) The spouse of a natural person described in subparagraph (1), (2) or (3); or (5) A person who is related by blood or marriage to a person described in subparagraph (1), (2), (3) or (4) and shares the same home with that person. (nnn) “ Proceeds ” means, except as used in subsection 2 of NRS 104.9609 , the following property: (1) Whatever is acquired upon the sale, lease, license, exchange or other disposition of collateral; (2) Whatever is collected on, or distributed on account of, collateral; (3) Rights arising out of collateral; (4) To the extent of the value of collateral, claims arising out of the loss, nonconformity, or interference with the use of, defects or infringement of rights in, or damage to, the collateral; and (5) To the extent of the value of collateral and to the extent payable to the debtor or the secured party, insurance payable by reason of the loss or nonconformity of, defects or infringement of rights in, or damage to, the collateral. (ooo) “ Promissory note ” means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds. (ppp) “ Proposal ” means a record signed by a secured party which includes the terms on which the secured party is willing to accept collateral in full or partial satisfaction of the obligation it secures pursuant to NRS 104.9620 , 104.9621 and 104.9622 . (qqq) “ Public-finance transaction ” means a secured transaction in connection with which: (1) Debt securities are issued; (2) All or a portion of the securities issued have an initial stated maturity of at least 20 years; and (3) The debtor, the obligor, the secured party, the account debtor or other person obligated on collateral, the assignor or assignee of a secured obligation, or the assignor or assignee of a security interest is a state or a governmental unit of a state. (rrr) “ Public organic record ” means a record that is available to the public for inspection and is: (1) A record consisting of the record initially filed with or issued by a state or the United States to form or organize an organization and any record filed with or issued by the state or the United States which amends or restates the initial record; (2) An organic record of a business trust consisting of the record initially filed with a state and any record filed with the state which amends or restates the initial record, if a statute of the state governing business trusts requires that the record be filed with the state; or (3) A record consisting of legislation enacted by the legislature of a state or the Congress of the United States which forms or organizes an organization, any record amending the legislation and any record filed with or issued by the state or the United States which amends or restates the name of the organization. (sss) “ Pursuant to commitment ,” with respect to an advance made or other value given by a secured party, means pursuant to the secured party's obligation, whether or not a subsequent event of default or other event not within the secured party's control has relieved or may relieve the secured party from its obligation. (ttt) “ Record ,” except as used in “for record,” “of record,” “record or legal title,” and “record owner,” means information that is inscribed on a tangible medium or which is stored in an electronic or other medium and is retrievable in perceivable form. (uuu) “ Registered organization ” means an organization formed or organized solely under the law of a single state or the United States by the filing of a public organic record with, the issuance of a public organic record by, or the enactment of legislation by the state or the United States. The term includes a business trust that is formed or organized under the law of a single state if a statute of the state governing business trusts requires that the business trust's organic record be filed with the state. (vvv) “ Secondary obligor ” means an obligor to the extent that: (1) The obligor's obligation is secondary; or (2) The obligor has a right of recourse with respect to an obligation secured by collateral against the debtor, another obligor or property of either. (www) “ Secured party ” means: (1) A person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding; (2) A person that holds an agricultural lien; (3) A consignor; (4) A person to which accounts, chattel paper, payment intangibles or promissory notes have been sold; (5) A trustee, indenture trustee, agent, collateral agent or other representative in whose favor a security interest or agricultural lien is created or provided for; or (6) A person that holds a security interest arising under NRS 104.2401 , 104.2505, subsection 3 of NRS 104.2711 , NRS 104.4210 , 104.5118 or subsection 5 of NRS 104A.2508 . (xxx) “ Security agreement ” means an agreement that creates or provides for a security interest. (yyy) “ Software ” means a computer program and any supporting information provided in connection with a transaction relating to the program. The term does not include a computer program that is contained in goods unless the goods are a computer or computer peripheral. (zzz) “ State ” means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. (aaaa) “ Supporting obligation ” means a letter-of-credit right or secondary obligation that supports the payment or performance of an account, chattel paper, document, general intangible, instrument or investment property. (bbbb) “ Termination statement ” means a subsequent filing which: (1) Identifies, by its file number, the initial financing statement to which it relates; and (2) Indicates either that it is a termination statement or that the identified financing statement is no longer effective. (cccc) “ Transmitting utility ” means a person primarily engaged in the business of: (1) Operating a railroad, subway, street railway or trolley bus; (2) Transmitting communications electrically, electromagnetically or by light; (3) Transmitting goods by pipeline; (4) Providing sewerage; or (5) Transmitting or producing and transmitting electricity, steam, gas or water.

2. “Control” as provided in NRS 104.7106 and the following definitions in other Articles apply to this Article: “Applicant.” NRS 104.5102 . “Beneficiary.” NRS 104.5102 . “Broker.” NRS 104.8102 . “Certificated security.” NRS 104.8102 . “Check.” NRS 104.3104 . “Clearing corporation.” NRS 104.8102 . “Contract for sale.” NRS 104.2106 . “Controllable electronic record.” NRS 104B.12102 . “Customer.” NRS 104.4104 . “Entitlement holder.” NRS 104.8102 . “Financial asset.” NRS 104.8102 . “Holder in due course.” NRS 104.3302 . “Issuer” (with respect to a letter of credit or letter-of-credit right). NRS 104.5102 . “Issuer” (with respect to a security). NRS 104.8201 . “Issuer” (with respect to documents of title). NRS 104.7102 . “Lease.” NRS 104A.2103 . “Lease agreement.” NRS 104A.2103 . “Lease contract.” NRS 104A.2103 . “Leasehold interest.” NRS 104A.2103 . “Lessee.” NRS 104A.2103 . “Lessee in ordinary course of business.” NRS 104A.2103 . “Lessor.” NRS 104A.2103 . “Lessor's residual interest.” NRS 104A.2103 . “Letter of credit.” NRS 104.5102 . “Merchant.” NRS 104.2104 . “Negotiable instrument.” NRS 104.3104 . “Nominated person.” NRS 104.5102 . “Note.” NRS 104.3104 . “Proceeds of a letter of credit.” NRS 104.5114 . “Protected purchaser.” NRS 104.8303 . “Prove.” NRS 104.3103 . “Qualifying purchaser.” NRS 104B.12102 . “Sale.” NRS 104.2106 . “Securities account.” NRS 104.8501 . “Securities intermediary.” NRS 104.8102 . “Security.” NRS 104.8102 . “Security certificate.” NRS 104.8102 . “Security entitlement.” NRS 104.8102 . “Uncertificated security.” NRS 104.8102 .

3. Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.
Nev. Rev. Stat. § 104.7207 — NV Code / Title 8 / Chapter 104 / Section 104.7207
Goods must be kept separate; fungible goods
Status: in_force

1. Unless the warehouse receipt provides otherwise, a warehouse shall keep separate the goods covered by each receipt so as to permit at all times identification and delivery of those goods. However, different lots of fungible goods may be commingled.

2. If different lots of fungible goods are commingled, the goods are owned in common by the persons entitled thereto and the warehouse is severally liable to each owner for that owner's share. If, because of overissue, a mass of fungible goods is insufficient to meet all the receipts the warehouse has issued against it, the persons entitled include all holders to which overissued receipts have been duly negotiated.
Nev. Rev. Stat. § 104.4202 — NV Code / Title 8 / Chapter 104 / Section 104.4202
Responsibility for collection or return; when action timely
Status: in_force

1. A collecting bank must exercise ordinary care in: (a) Presenting an item or sending it for presentment; (b) Sending notice of dishonor or nonpayment or returning an item other than a documentary draft to the bank's transferor after learning that the item has not been paid or accepted, as the case may be; (c) Settling for an item when the bank receives final settlement; and (d) Notifying its transferor of any loss or delay in transit within a reasonable time after discovery thereof.

2. A collecting bank exercises ordinary care under subsection 1 by taking proper action before its midnight deadline following receipt of an item, notice or settlement. Taking proper action within a reasonably longer time may constitute the exercise of ordinary care, but the bank has the burden of establishing timeliness.

3. Subject to paragraph (a) of subsection 1, a bank is not liable for the insolvency, neglect, misconduct, mistake or default of another bank or person or for loss or destruction of or inability to obtain repossession of an item in the possession of others or in transit.
Nev. Rev. Stat. § 104.7208 — NV Code / Title 8 / Chapter 104 / Section 104.7208
Altered warehouse receipts
Status: in_force

If a blank in a negotiable tangible warehouse receipt has been filled in without authority, a good-faith purchaser for value and without notice of the lack of authority may treat the insertion as authorized. Any other unauthorized alteration leaves any tangible or electronic warehouse receipt enforceable against the issuer according to its original tenor.
Nev. Rev. Stat. § 104.2716 — NV Code / Title 8 / Chapter 104 / Section 104.2716
Buyer's right to specific performance or replevin
Status: in_force

1. Specific performance may be decreed where the goods are unique or in other proper circumstances.

2. The decree for specific performance may include such terms and conditions as to payment of the price, damages or other relief as the court may deem just.

3. The buyer has a right of replevin for goods identified to the contract if after reasonable effort the buyer is unable to effect cover for such goods or the circumstances reasonably indicate that such effort will be unavailing or if the goods have been shipped under reservation and satisfaction of the security interest in them has been made or tendered. In the case of goods bought for personal, family or household purposes, the buyer's right of replevin vests upon acquisition of a special property, even if the seller had not then repudiated or failed to deliver.
Nev. Rev. Stat. § 104.2503 — NV Code / Title 8 / Chapter 104 / Section 104.2503
Manner of seller's tender of delivery
Status: in_force

1. Tender of delivery requires that the seller put and hold conforming goods at the buyer's disposition and give the buyer any notification reasonably necessary to enable the buyer to take delivery. The manner, time and place for tender are determined by the agreement and this Article, and in particular: (a) Tender must be at a reasonable hour, and if it is of goods they must be kept available for the period reasonably necessary to enable the buyer to take possession; but (b) Unless otherwise agreed the buyer must furnish facilities reasonably suited to the receipt of the goods.

2. Where the case is within the next section respecting shipment tender requires that the seller comply with its provisions.

3. Where the seller is required to deliver at a particular destination tender requires that the seller comply with subsection 1 and also in any appropriate case tender documents as described in subsections 4 and 5 of this section.

4. Where goods are in the possession of a bailee and are to be delivered without being moved: (a) Tender requires that the seller either tender a negotiable document of title covering such goods or procure acknowledgment by the bailee of the buyer's right to possession of the goods; but (b) Tender to the buyer of a nonnegotiable document of title or of a record directing the bailee to deliver is sufficient tender unless the buyer seasonably objects, and except as otherwise provided in Article 9, receipt by the bailee of notification of the buyer's rights fixes those rights as against the bailee and all third persons; but risk of loss of the goods and of any failure by the bailee to honor the nonnegotiable document of title or to obey the direction remains on the seller until the buyer has had a reasonable time to present the document or direction, and a refusal by the bailee to honor the document or to obey the direction defeats the tender.

5. Where the contract requires the seller to deliver documents: (a) The seller must tender all such documents in correct form, except as provided in this Article with respect to bills of lading in a set (subsection 2 of NRS 104.2323 ); and (b) Tender through customary banking channels is sufficient and dishonor of a draft accompanying or associated with the documents constitutes nonacceptance or rejection.
Nev. Rev. Stat. § 104A.2211 — NV Code / Title 8 / Chapter 104A / Section 104A.2211
Warranties against interference and against infringement; lessee's obligation against infringement
Status: in_force

1. There is in a lease contract a warranty that for the lease term no person holds a claim to or interest in the goods that arose from an act or omission of the lessor, other than a claim by way of infringement or the like, which will interfere with the lessee's enjoyment of its leasehold interest.

2. Except in a finance lease there is in a lease contract by a lessor who is a merchant regularly dealing in goods of the kind a warranty that the goods are delivered free of the rightful claim of any person by way of infringement or the like.

3. A lessee who furnishes specifications to a lessor or a supplier shall hold the lessor and the supplier harmless against any claim by way of infringement or the like that arises out of compliance with the specifications.
Nev. Rev. Stat. § 104.7601 — NV Code / Title 8 / Chapter 104 / Section 104.7601
Lost, stolen or destroyed documents of title
Status: in_force

1. If a document of title is lost, stolen or destroyed, a court may order delivery of the goods or issuance of a substitute document and the bailee may without liability to any person comply with the order. If the document was negotiable, a court may not order delivery of the goods or issuance of a substitute document without the claimant's posting security unless it finds that any person that may suffer loss as a result of nonsurrender of possession or control of the document is adequately protected against the loss. If the document was nonnegotiable, the court may require security. The court may also order payment of the bailee's reasonable costs and attorney's fees in any action under this subsection.

2. A bailee that, without a court order, delivers goods to a person claiming under a missing negotiable document of title is liable to any person injured thereby. If the delivery is not in good faith, the bailee is liable for conversion. Delivery in good faith is not conversion if the claimant posts security with the bailee in an amount at least double the value of the goods at the time of posting to indemnify any person injured by the delivery who files a notice of claim within 1 year after the delivery.
Nev. Rev. Stat. § 104.9340 — NV Code / Title 8 / Chapter 104 / Section 104.9340
Effectiveness of right of recoupment or setoff against deposit account
Status: in_force

1. Except as otherwise provided in subsection 3, a bank with which a deposit account is maintained may exercise any right of recoupment or setoff against a secured party that holds a security interest in the deposit account.

2. Except as otherwise provided in subsection 3, the application of this article to a security interest in a deposit account does not affect a right of recoupment or setoff of the secured party as to a deposit account maintained with the secured party.

3. The exercise by a bank of a setoff against a deposit account is ineffective against a secured party that holds a security interest in the deposit account which is perfected by control under paragraph (c) of subsection 1 of NRS 104.9104 , if the setoff is based on a claim against the debtor.
Nev. Rev. Stat. § 104.9626 — NV Code / Title 8 / Chapter 104 / Section 104.9626
Action in which deficiency or surplus is in issue
Status: in_force

1. In an action arising from a transaction, other than a consumer transaction, in which the amount of a deficiency or surplus is in issue, the following rules apply: (a) A secured party need not prove compliance with the provisions of this part relating to collection, enforcement, disposition or acceptance unless the debtor or a secondary obligor places the secured party's compliance in issue. (b) If the secured party's compliance is placed in issue, the secured party has the burden of establishing that the collection, enforcement, disposition or acceptance was conducted in accordance with this part. (c) Except as otherwise provided in NRS 104.9628 , if a secured party fails to prove that the collection, enforcement, disposition or acceptance was conducted in accordance with the provisions of this part relating to collection, enforcement, disposition or acceptance, the liability of a debtor or a secondary obligor for a deficiency is limited to an amount by which the sum of the secured obligation, expenses and attorney's fees exceeds the greater of: (1) The proceeds of the collection, enforcement, disposition or acceptance; or (2) The amount of proceeds that would have been realized had the noncomplying secured party proceeded in accordance with the provisions of this part relating to collection, enforcement, disposition or acceptance. (d) For purposes of subparagraph (2) of paragraph (c), the amount of proceeds that would have been realized is equal to the sum of the secured obligation, expenses and attorney's fees unless the secured party proves that the amount is less than that sum. (e) If a deficiency or surplus is calculated under subsection 6 of NRS 104.9615 , the debtor or obligor has the burden of establishing that the amount of proceeds of the disposition is significantly below the range of prices that a complying disposition to a person other than the secured party, a person related to the secured party or a secondary obligor would have brought.

2. The limitation of the rules in subsection 1 to transactions other than consumer transactions leaves to the court the determination of the proper rules in consumer transactions. The court may not infer from that limitation the nature of the proper rule in consumer transactions and may continue to apply established approaches.
Nev. Rev. Stat. § 97A.050 — NV Code / Title 8 / Chapter 97A / Section 97A.050
“Credit card” defined
Status: in_force

“Credit card” means any instrument or device, whether known as a credit card, credit plate, or by any other name, issued with or without fee by an issuer for the use of the cardholder in obtaining money, property, goods, services or anything else of value on credit.
Nev. Rev. Stat. § 104A.4107 — NV Code / Title 8 / Chapter 104A / Section 104A.4107
Federal Reserve regulations and operating circulars
Status: in_force

Regulations of the Board of Governors of the Federal Reserve System and operating circulars of the Federal Reserve banks supersede any inconsistent provision of this article to the extent of the inconsistency.
Nev. Rev. Stat. § 104A.2507 — NV Code / Title 8 / Chapter 104A / Section 104A.2507
Proof of market rent: Time and place
Status: in_force

1. Damages based on market rent ( NRS 104A.2519 or 104A.2528 ) are determined according to the rent for the use of the goods concerned for a lease term identical to the remaining lease term of the original lease agreement and prevailing at the time of the default.

2. If evidence of rent for the use of the goods concerned for a lease term identical to the remaining lease term of the original lease agreement and prevailing at the times or places described in this article is not readily available, the rent prevailing within any reasonable time before or after the time described or at any other place or for a different lease term which in commercial judgment or under usage of trade would serve as a reasonable substitute for the one described may be used, making any proper allowance for the difference, including the cost of transporting the goods to or from the other place.

3. Evidence of a relevant rent prevailing at a time or place or for a lease term other than the one described in this article offered by one party is not admissible unless and until the party has given the other party notice the court finds sufficient to prevent unfair surprise.

4. If the prevailing rent or value of any goods regularly leased in any established market is in issue, reports in official publications or trade journals or in newspapers or periodicals of general circulation published as the reports of that market are admissible in evidence. The circumstances of the preparation of the report may be shown to affect its weight but not its admissibility.
Nev. Rev. Stat. § 104.2308 — NV Code / Title 8 / Chapter 104 / Section 104.2308
Absence of specified place for delivery
Status: in_force

Unless otherwise agreed:

1. The place for delivery of goods is the seller's place of business or if the seller has none, his or her residence;

2. In a contract for sale of identified goods which to the knowledge of the parties at the time of contracting are in some other place, that place is the place for their delivery; and

3. Documents of title may be delivered through customary banking channels.
Nev. Rev. Stat. § 104.8302 — NV Code / Title 8 / Chapter 104 / Section 104.8302
Rights of purchaser
Status: in_force

1. Except as otherwise provided in subsections 2 and 3, a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer.

2. A purchaser of a limited interest acquires rights only to the extent of the interest purchased.

3. A purchaser of a certificated security who as a previous holder had notice of an adverse claim does not improve its position by taking from a protected purchaser.
Nev. Rev. Stat. § 104.9715 — NV Code / Title 8 / Chapter 104 / Section 104.9715
Effectiveness, amendment and termination of financing statement filed before July 1, 2013
Status: in_force

1. In this section, “ pre-effective-date financing statement ” means a financing statement filed before July 1, 2013.

2. On or after July 1, 2013, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in this article as amended. However, the effectiveness of a pre-effective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.

3. Except as otherwise provided in subsection 4, if the law of this State governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended on or after July 1, 2013, only if: (a) The pre-effective-date financing statement and an amendment are filed in the office specified in NRS 104.9501 ; (b) An amendment is filed in the office specified in NRS 104.9501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies subsection 3 of NRS 104.9714 ; or (c) An initial financing statement that provides the information as amended and satisfies subsection 3 of NRS 104.9714 is filed in the office specified in NRS 104.9501 .

4. If the law of this State governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under subsections 3 and 5 of NRS 104.9713 or NRS 104.9714 .

5. Whether or not the law of this State governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this State may be terminated on or after July 1, 2013, by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial financing statement that satisfies subsection 3 of NRS 104.9714 has been filed in the office specified by the law of the jurisdiction governing perfection as provided in this article as amended as the office in which to file a financing statement.
Nev. Rev. Stat. § 104.3505 — NV Code / Title 8 / Chapter 104 / Section 104.3505
Evidence of dishonor
Status: in_force

1. The following are admissible as evidence and create a presumption of dishonor and of any notice of dishonor stated: (a) A document regular in form as provided in subsection 2 which purports to be a protest. (b) A purported stamp or writing of the drawee, payor bank or presenting bank on the instrument or accompanying it stating that acceptance or payment has been refused unless reasons for the refusal are stated and the reasons are not consistent with dishonor. (c) A book or record of the drawee, payor bank, or collecting bank kept in the usual course of business which shows dishonor, even though there is no evidence of who made the entry.

2. A protest is a certificate of dishonor made by a United States consul or vice consul, or a notarial officer or other person authorized to administer oaths by the law of the place where dishonor occurs. It may be made upon information satisfactory to him or her. The protest must identify the instrument and certify either that presentment has been made or, if not made, the reason why it was not made, and that the instrument has been dishonored by nonacceptance or nonpayment. The protest may also certify that notice of dishonor has been given to some or all parties.
Nev. Rev. Stat. § 104A.2214 — NV Code / Title 8 / Chapter 104A / Section 104A.2214
Exclusion or modification of warranties
Status: in_force

1. Words or conduct relevant to the creation of an express warranty and words or conduct tending to negate or limit a warranty must be construed wherever reasonable as consistent with each other; but, subject to the provisions of NRS 104A.2202 on parol or extrinsic evidence, negation or limitation is inoperative to the extent that the construction is unreasonable.

2. Subject to subsection 3, to exclude or modify the implied warranty of merchantability or any part of it the language must mention “merchantability,” be by a writing and be conspicuous. Subject to subsection 3, to exclude or modify any implied warranty of fitness the exclusion must be by a writing and be conspicuous. Language to exclude all implied warranties of fitness is sufficient if it is in writing, is conspicuous and states, for example, “There is no warranty that the goods will be fit for a particular purpose.”

3. Notwithstanding subsection 2, but subject to subsection 4: (a) Unless the circumstances indicate otherwise, all implied warranties are excluded by expressions like “as is,” or “with all faults,” or by other language that in common understanding calls the lessee's attention to the exclusion of warranties and makes plain that there is no implied warranty, if in writing and conspicuous; (b) If the lessee before entering into the lease contract has examined the goods or the sample or model as fully as desired or has refused to examine the goods, there is no implied warranty with regard to defects that an examination ought in the circumstances to have revealed; and (c) An implied warranty may also be excluded or modified by course of dealing, course of performance or usage of trade.

4. To exclude or modify a warranty against interference or against infringement ( NRS 104A.2211 ) or any part of it, the language must be specific, be by a writing and be conspicuous, unless the circumstances, including course of performance, course of dealing or usage of trade, give the lessee reason to know that the goods are being leased subject to a claim or interest of any person.
Nev. Rev. Stat. § 104.9409 — NV Code / Title 8 / Chapter 104 / Section 104.9409
Restrictions on assignment of letter-of-credit rights ineffective
Status: in_force

1. A term in a letter of credit or a rule of law, statute, regulation, custom or practice applicable to the letter of credit which prohibits, restricts or requires the consent of an applicant, issuer, or nominated person to a beneficiary's assignment of or creation of a security interest in a letter-of-credit right is ineffective to the extent that the term or rule of law, statute, regulation, custom or practice: (a) Would impair the creation, attachment or perfection of a security interest in the letter-of-credit right; or (b) Provides that the assignment or the creation, attachment or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination or remedy under the letter-of-credit right.

2. To the extent that a term in a letter of credit is ineffective under subsection 1 but would be effective under law other than this article or a custom or practice applicable to the letter of credit, to the transfer of a right to draw or otherwise demand performance under the letter of credit, or to the assignment of a right to proceeds of the letter of credit, the creation, attachment or perfection of a security interest in the letter-of-credit right: (a) Is not enforceable against the applicant, issuer, nominated person or transferee beneficiary; (b) Imposes no duties or obligations on the applicant, issuer, nominated person or transferee beneficiary; and (c) Does not require the applicant, issuer, nominated person or transferee beneficiary to recognize the security interest, pay or render performance to the secured party or accept payment or other performance from the secured party.
Nev. Rev. Stat. § 104.3419 — NV Code / Title 8 / Chapter 104 / Section 104.3419
Instruments signed for accommodation
Status: in_force

1. If an instrument is issued for value given for the benefit of a party to the instrument (“accommodated party”) and another party to the instrument (“accommodation party”) signs the instrument for the purpose of incurring liability on the instrument without being a direct beneficiary of the value given for the instrument, the instrument is signed by the accommodation party “for accommodation.”

2. An accommodation party may sign the instrument as maker, drawer, acceptor or endorser and, subject to subsection 4, is obliged to pay the instrument in the capacity in which the accommodation party signs. The obligation of an accommodation party may be enforced notwithstanding any statute of frauds and whether or not the accommodation party receives consideration for the accommodation.

3. A person signing an instrument is presumed to be an accommodation party and there is notice that the instrument is signed for accommodation if the signature is an anomalous endorsement or is accompanied by words indicating that the signer is acting as surety or guarantor with respect to the obligation of another party to the instrument. Except as otherwise provided in NRS 104.3605 , the obligation of an accommodation party to pay the instrument is not affected by the fact that the person enforcing the obligation had notice when the instrument was taken by that person that the accommodation party signed the instrument for accommodation.

4. If the signature of a party to an instrument is accompanied by words indicating unambiguously that the party is guaranteeing collection rather than payment of the obligation of another party to the instrument, the signer is obliged to pay the amount due on the instrument to a person entitled to enforce the instrument only if: (a) Execution of judgment against the other party has been returned unsatisfied; (b) The other party is insolvent or in an insolvency proceeding; (c) The other party cannot be served with process; or (d) It is otherwise apparent that payment cannot be obtained from the other party.

5. If the signature of a party to an instrument is accompanied by words indicating that the party guarantees payment or the signer signs the instrument as an accommodation party in some other manner that does not unambiguously indicate an intention to guarantee collection rather than payment, the signer is obliged to pay the amount due on the instrument to a person entitled to enforce the instrument in the same circumstances as the accommodated party would be obliged, without prior resort to the accommodated party by the person entitled to enforce the instrument.

6. An accommodation party that pays the instrument is entitled to reimbursement from the accommodated party and is entitled to enforce the instrument against the accommodated party. In proper circumstances, an accommodation party may obtain relief that requires the accommodated party to perform its obligations on the instrument. An accommodated party that pays the instrument has no right of recourse against, and is not entitled to contribution from, an accommodation party.
Nev. Rev. Stat. § 104.9504 — NV Code / Title 8 / Chapter 104 / Section 104.9504
Indication of collateral in financing statement
Status: in_force

A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:

1. A description of the collateral pursuant to NRS 104.9108 ; or

2. An indication that the financing statement covers all assets or all personal property.
Nev. Rev. Stat. § 104.8112 — NV Code / Title 8 / Chapter 104 / Section 104.8112
Creditor's legal process
Status: in_force

1. Except as otherwise provided in subsection 4, the interest of a debtor in a certificated security may be reached by a creditor only by actual seizure of the security certificate by the officer making the attachment or levy. However, a certificated security for which the certificate has been surrendered to the issuer may be reached by a creditor by legal process upon the issuer.

2. Except as otherwise provided in subsection 4, the interest of a debtor in an uncertificated security may be reached by a creditor only by legal process upon the issuer at its chief executive office in the United States.

3. Except as otherwise provided in subsection 4, the interest of a debtor in a security entitlement may be reached by a creditor only by legal process upon the securities intermediary with whom the debtor's securities account is maintained.

4. The interest of a debtor in a certificated security for which the certificate is in the possession of a secured party, or in an uncertificated security registered in the name of a secured party, or a security entitlement maintained in the name of a secured party, may be reached by a creditor by legal process upon the secured party.

5. A creditor whose debtor is the owner of a certificated security, uncertificated security or security entitlement is entitled to aid from a court of competent jurisdiction, by injunction or otherwise, in reaching the certificated security, uncertificated security or security entitlement or in satisfying the claim by means allowed at law or in equity in regard to property that cannot readily be reached by other legal process.
Nev. Rev. Stat. § 104.9508 — NV Code / Title 8 / Chapter 104 / Section 104.9508
Effectiveness of financing statement if new debtor becomes bound by security agreement
Status: in_force

1. Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral.

2. If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under subsection 1 to be seriously misleading under NRS 104.9506 : (a) The financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within 4 months after, the new debtor becomes bound under subsection 4 of NRS 104.9203 ; and (b) The financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than 4 months after the new debtor becomes bound under subsection 4 of NRS 104.9203 unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time.

3. This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under subsection 1 of NRS 104.9507 .
Nev. Rev. Stat. § 104.1310 — NV Code / Title 8 / Chapter 104 / Section 104.1310
Subordinated obligations
Status: in_force

An obligation may be issued as subordinated to performance of another obligation of the person obligated, or a creditor may subordinate its right to performance of an obligation by agreement with either the person obligated or another creditor of the person obligated. Subordination does not create a security interest as against either the common debtor or a subordinated creditor.
Nev. Rev. Stat. § 104.8111 — NV Code / Title 8 / Chapter 104 / Section 104.8111
Rules of clearing corporation
Status: in_force

A rule adopted by a clearing corporation governing rights and obligations among the clearing corporation and its participants in the clearing corporation is effective even if the rule conflicts with the Uniform Commercial Code and affects another party who does not consent to the rule.
Nev. Rev. Stat. § 104A.4503 — NV Code / Title 8 / Chapter 104A / Section 104A.4503
Injunction or restraining order with respect to funds transfer
Status: in_force

1. For proper cause and in compliance with applicable law, a court may restrain: (a) A person from issuing a payment order to initiate a funds transfer; (b) An originator's bank from executing the payment order of the originator; or (c) The beneficiary's bank from releasing funds to the beneficiary or the beneficiary from withdrawing the funds.

2. A court may not otherwise restrain a person from issuing a payment order, paying or receiving payment of a payment order, or otherwise acting with respect to a funds transfer.
Nev. Rev. Stat. § 104A.4501 — NV Code / Title 8 / Chapter 104A / Section 104A.4501
Variation by agreement and effect of funds-transfer system rule
Status: in_force

1. Except as otherwise provided in this article, the rights and obligations of a party to a funds transfer may be varied by agreement of the affected party.

2. “Funds-transfer system rule” means a rule of an association of banks governing transmission of payment orders by means of a funds-transfer system of the association or rights and obligations with respect to those orders, or to the extent the rule governs rights and obligations between banks that are parties to a funds transfer in which a Federal Reserve bank, acting as an intermediary bank, sends a payment order to the beneficiary's bank. Except as otherwise provided in this article, a funds-transfer system rule governing rights and obligations between participating banks using the system may be effective even if the rule conflicts with this article and indirectly affects another party to the funds transfer who does not consent to the rule. A funds-transfer system rule may also govern rights and obligations of parties other than participating banks using the system to the extent stated in subsection 3 of NRS 104A.4404, subsection 4 of NRS 104A.4405, and subsection 3 of NRS 104A.4507 .
Nev. Rev. Stat. § 104A.2501 — NV Code / Title 8 / Chapter 104A / Section 104A.2501
Default: Procedure
Status: in_force

1. Whether the lessor or the lessee is in default under a lease contract is determined by the lease agreement and this Article.

2. If the lessor or the lessee is in default under the lease contract, the party seeking enforcement has rights and remedies as provided in this Article and, except as limited by this Article, as provided in the lease agreement.

3. If the lessor or the lessee is in default under the lease contract, the party seeking enforcement may reduce the party's claim to judgment, or otherwise enforce the lease contract by self-help or any available judicial procedure or nonjudicial procedure, including an administrative proceeding, arbitration or the like, in accordance with this Article.

4. Except as otherwise provided in subsection 1 of NRS 104.1305 or this Article or the lease agreement, the rights and remedies referred to in subsections 2 and 3 are cumulative.

5. If the lease agreement covers both real property and goods, the party seeking enforcement may proceed under this part as to the goods, or under other applicable law as to both the real property and the goods in accordance with his or her rights and remedies in respect of the real property, in which case this part does not apply.
Nev. Rev. Stat. § 100.220 — NV Code / Title 8 / Chapter 100 / Section 100.220
Effect of securitization transaction on property, assets and rights of transferor
Status: in_force

Notwithstanding any other provision of law, including, without limitation, NRS 104.9623 , to the extent set forth in the transaction documents relating to a securitization transaction:

1. Any property, assets or rights purported to be transferred, in whole or in part, in the securitization transaction shall be deemed to be no longer the property, assets or rights of the transferor;

2. A transferor in the securitization transaction, its creditors or, in any insolvency proceeding with respect to the transferor or property of the transferor, a bankruptcy trustee, receiver, debtor, debtor in possession or similar person, to the extent that the issue is governed by the laws of this State, has no rights, legal or equitable, to reacquire, reclaim, recover, repudiate, disaffirm, redeem or recharacterize as property of the transferor any property, assets or rights purported to be transferred, in whole or in part, by the transferor; and

3. In the event of a bankruptcy, receivership or other insolvency proceeding with respect to the transferor or property of the transferor, to the extent that the issue is governed by the laws of this State, such property, assets and rights shall be deemed not to be part of the property, assets, rights or estate of the transferor.
Nev. Rev. Stat. § 104.1301 — NV Code / Title 8 / Chapter 104 / Section 104.1301
Territorial applicability; parties' power to choose applicable law
Status: in_force

1. Except as otherwise provided in this section, when a transaction bears a reasonable relation to this State and also to another state or nation the parties may agree that the law either of this State or of such other state or nation shall govern their rights and duties.

2. In the absence of an agreement effective under subsection 1, and except as otherwise provided in subsection 3, the Uniform Commercial Code applies to transactions bearing an appropriate relation to this State.

3. If one of the following provisions of the Uniform Commercial Code specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the law so specified: (a) NRS 104.2402 ; (b) NRS 104.4102 ; (c) NRS 104.5116 ; (d) NRS 104.8110 ; (e) NRS 104.9301 to 104.9307 , inclusive; (f) NRS 104A.2105 and 104A.2106 ; (g) NRS 104A.4507 ; and (h) NRS 104B.12107 .
Nev. Rev. Stat. § 97.265 — NV Code / Title 8 / Chapter 97 / Section 97.265
Insurance
Status: in_force

If the cost of any insurance is included in the retail installment contract or retail charge agreement:

1. The contract or agreement must state the nature, purpose, term and amount of the insurance, and in connection with the sale of a motor vehicle, the contract must state that the insurance coverage ordered under the terms of the contract does not include “bodily injury liability,” “public liability,” and “property damage liability” coverage, where such coverage is in fact not included.

2. The contract or agreement must state whether the insurance is to be procured by the buyer or the seller.

3. The amount included for such insurance must not exceed the premiums chargeable in accordance with the rate fixed for such insurance by the insurer, except where the amount is less than $1.

4. If the insurance is to be procured by the seller or holder, the seller or holder shall, within 45 days after delivery of the goods or furnishing of the services under the contract, deliver, mail or cause to be mailed to the buyer, at the buyer's address as specified in the contract, a notice thereof or a copy of the policy or policies of insurance or a certificate or certificates of the insurance so procured.

5. If any goods included in the down payment are insured, and the insurance policy or rights thereunder are assigned to the seller, the amount realized on the assignment must be refunded to the buyer or credited on the next payment due under the contract or agreement.

6. If the contract or agreement requires the buyer to procure and furnish insurance acceptable to the seller and the buyer fails so to provide or such insurance as procured by the buyer is cancelled or expires, the seller may procure the insurance in such form as the seller may deem necessary, and the cost thereof together with a finance charge may be added to the unpaid total of payments.
Nev. Rev. Stat. § 104.3204 — NV Code / Title 8 / Chapter 104 / Section 104.3204
Endorsement
Status: in_force

1. “Endorsement” means a signature, other than that of a signer as maker, drawer or acceptor, that alone or accompanied by other words is made on an instrument for the purpose of negotiating the instrument, restricting payment of the instrument, or incurring endorser's liability on the instrument, but regardless of the intent of the signer, a signature and its accompanying words are an endorsement unless the accompanying words, terms of the instrument, place of the signature, or other circumstances unambiguously indicate that the signature was made for a purpose other than endorsement. For the purpose of determining whether a signature is made on an instrument, a paper affixed to the instrument is a part of the instrument.

2. “Endorser” means a person who makes an endorsement.

3. For the purpose of determining whether the transferee of an instrument is a holder, an endorsement that transfers a security interest in the instrument is effective as an unqualified endorsement of the instrument.

4. If an instrument is payable to a holder under a name that is not the holder’s own, endorsement may be made by the holder in the name stated in the instrument or in his or her own name, or both, but signature in both names may be required by a person paying or taking the instrument for value or collection.
Nev. Rev. Stat. § 99.020 — NV Code / Title 8 / Chapter 99 / Section 99.020
Suits on accounts, notes or bonds expressed in other money of account: Reduction to dollars or parts of dollars
Status: in_force

Nothing contained in NRS 99.010 shall vitiate or affect any account, charge or entry originally made, or any note, bond or other instrument, expressed in any other money of account, but the same shall be reduced to dollars, or parts of dollars, as directed in NRS 99.010 , in any suit thereupon.
Nev. Rev. Stat. § 104.4204 — NV Code / Title 8 / Chapter 104 / Section 104.4204
Methods of sending and presenting; sending directly to payor bank
Status: in_force

1. A collecting bank shall send items by a reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of such items on hand, the cost of collection involved, and the method generally used by it or others to present such items.

2. A collecting bank may send: (a) An item directly to the payor bank; (b) An item to a nonbank payor if authorized by its transferor; and (c) An item other than documentary drafts to a nonbank payor, if authorized by Federal Reserve regulation or operating circular, clearinghouse rule or the like.

3. Presentment may be made by a presenting bank at a place where the payor bank or other payor has requested that presentment be made.
Nev. Rev. Stat. § 104.7106 — NV Code / Title 8 / Chapter 104 / Section 104.7106
Control of electronic document of title
Status: in_force

1. A person has control of an electronic document of title if a system employed for evidencing the transfer of interests in the electronic document reliably establishes that person as the person to whom the electronic document was issued or transferred.

2. A system satisfies subsection 1, and a person has control of an electronic document of title, if the document is created, stored and transferred in such a manner that: (a) A single authoritative copy of the document exists which is unique, identifiable and, except as otherwise provided in paragraphs (d), (e) and (f), unalterable; (b) The authoritative copy identifies the person asserting control as: (1) The person to whom the document was issued; or (2) If the authoritative copy indicates that the document has been transferred, the person to whom the document was most recently transferred; (c) The authoritative copy is communicated to and maintained by the person asserting control or its designated custodian; (d) Copies or amendments that add or change an identified transferee of the authoritative copy can be made only with the consent of the person asserting control; (e) Each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy; and (f) Any amendment of the authoritative copy is readily identifiable as authorized or unauthorized.

3. A system satisfies subsection 1, and a person has control of an electronic document of title, if an authoritative electronic copy of the document, a record attached to or logically associated with the electronic copy or a system in which the electronic copy is recorded: (a) Enables the person readily to identify each electronic copy as either an authoritative copy or a nonauthoritative copy; (b) Enables the person readily to identify itself in any way, including by name, identifying number, cryptographic key, office or account number, as the person to which each authoritative electronic copy was issued or transferred; and (c) Gives the person exclusive power, subject to subsection 4, to: (1) Prevent others from adding or changing the person to which each authoritative electronic copy has been issued or transferred; and (2) Transfer control of each authoritative electronic copy.

4. Subject to subsection 5, a power is exclusive under subparagraphs (1) and (2) of paragraph (c) of subsection 3, even if: (a) The authoritative electronic copy, a record attached to or logically associated with the authoritative electronic copy or a system in which the authoritative electronic copy is recorded limits the use of the document of title or has a protocol that is programmed to cause a change, including a transfer or loss of control; or (b) The power is shared with another person.

5. A power of a person is not shared with another person under paragraph (b) of subsection 4 and the person's power is not exclusive if: (a) The person can exercise a power only if the power also is exercised by the other person; and (b) The other person: (1) Can exercise the power without exercise of the power by the person; or (2) Is the transferor to the person of an interest in the document of title.

6. If a person has the powers specified in subparagraphs (1) and (2) of paragraph (c) of subsection 3, the powers are presumed to be exclusive.

7. A person has control of an electronic document of title if another person, other than the transferor to the person of an interest in the document: (a) Has control of the document and acknowledges that it has control on behalf of the person; or (b) Obtains control of the document after having acknowledged that it will obtain control of the document on behalf of the person.

8. A person that has control under this section is not required to acknowledge that it has control on behalf of another person.

9. If a person acknowledges that it has or will obtain control on behalf of another person, unless the person otherwise agrees or law other than this Article or Article 9 otherwise provides, the person does not owe any duty to the other person and is not required to confirm the acknowledgment to any other person.
Nev. Rev. Stat. § 104.2318 — NV Code / Title 8 / Chapter 104 / Section 104.2318
Third-party beneficiaries of warranties express or implied
Status: in_force

A seller's warranty whether express or implied extends to any natural person who is in the family or household of the seller’s buyer or who is a guest in his or her home if it is reasonable to expect that such person may use, consume or be affected by the goods and who is injured in person by breach of the warranty. A seller may not exclude or limit the operation of this section.
Nev. Rev. Stat. § 104.9717 — NV Code / Title 8 / Chapter 104 / Section 104.9717
Determination of priority of conflicting claims to collateral
Status: in_force

This article as amended determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2013, this article before amendment determines priority.
Nev. Rev. Stat. § 104.8305 — NV Code / Title 8 / Chapter 104 / Section 104.8305
Instruction
Status: in_force

1. If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly.

2. Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by NRS 104.8108 and not an obligation that the security will be honored by the issuer.
Nev. Rev. Stat. § 104A.2503 — NV Code / Title 8 / Chapter 104A / Section 104A.2503
Modification or impairment of rights and remedies
Status: in_force

1. Except as otherwise provided in this article, the lease agreement may include rights and remedies for default in addition to or in substitution for those provided in this article and may limit or alter the measure of damages recoverable under this article.

2. Resort to a remedy provided under this article or in the lease agreement is optional unless the remedy is expressly agreed to be exclusive. If circumstances cause an exclusive or limited remedy to fail of its essential purpose, or provision for an exclusive remedy is unconscionable, remedy may be had as provided in this article.

3. Consequential damages may be liquidated under NRS 104A.2504 , or may otherwise be limited, altered or excluded unless the limitation, alteration or exclusion is unconscionable. Limitation, alteration or exclusion of consequential damages for injury to the person in the case of consumer goods is prima facie unconscionable but limitation, alteration or exclusion of damages where the loss is commercial is not prima facie unconscionable.

4. Rights and remedies on default by the lessor or the lessee with respect to any obligation or promise collateral or ancillary to the lease contract are not impaired by this article.
Nev. Rev. Stat. § 104.3601 — NV Code / Title 8 / Chapter 104 / Section 104.3601
Discharge and effect of discharge
Status: in_force

1. The obligation of a party to pay the instrument is discharged as stated in this article or by an act or agreement with the party which would discharge an obligation to pay money under a simple contract.

2. Discharge of the obligation of a party is not effective against a person acquiring rights of a holder in due course of the instrument without notice of the discharge.
Nev. Rev. Stat. § 104C.101 — NV Code / Title 8 / Chapter 104C / Section 104C.101
Short title
Status: in_force

This Article may be cited as Transitional Provisions for Uniform Commercial Code Amendments (2022).
Nev. Rev. Stat. § 104.3418 — NV Code / Title 8 / Chapter 104 / Section 104.3418
Payment or acceptance by mistake
Status: in_force

1. Except as otherwise provided in subsection 3, if the drawee of a draft pays or accepts the draft and the drawee acted on the mistaken belief that payment of the draft had not been stopped pursuant to NRS 104.4403 or the signature of the drawer of the draft was authorized, the drawee may recover the amount of the draft from the person to whom or for whose benefit payment was made or, in the case of acceptance, may revoke the acceptance. Rights of the drawee under this subsection are not affected by his or her failure to exercise ordinary care in paying or accepting the draft.

2. Except as otherwise provided in subsection 3, if an instrument has been paid or accepted by mistake and the case is not covered by subsection 1, the person paying or accepting may, to the extent permitted by the law governing mistake and restitution: (a) Recover the payment from the person to whom or for whose benefit payment was made; or (b) In the case of acceptance, may revoke the acceptance.

3. The remedies provided by subsection 1 or 2 may not be asserted against a person who took the instrument in good faith and for value or who in good faith changed position in reliance on the payment or acceptance. This subsection does not limit remedies provided by NRS 104.3417 or 104.4407 .

4. If an instrument is paid or accepted by mistake and the payor or acceptor recovers payment or revokes acceptance under subsection 1 or 2, the instrument is deemed not to have been paid or accepted and is treated as dishonored, and the person from whom payment is recovered has rights as a person entitled to enforce the dishonored instrument.
Nev. Rev. Stat. § 104.2323 — NV Code / Title 8 / Chapter 104 / Section 104.2323
Form of bill of lading required in overseas shipment; “overseas”
Status: in_force

1. Where the contract contemplates overseas shipment and contains a term C.I.F. or C. & F. or F.O.B. vessel, the seller unless otherwise agreed must obtain a negotiable bill of lading stating that the goods have been loaded on board or, in the case of a term C.I.F. or C. & F., received for shipment.

2. Where in a case within subsection 1 a tangible bill of lading has been issued in a set of parts, unless otherwise agreed if the documents are not to be sent from abroad the buyer may demand tender of the full set; otherwise only one part of the bill of lading need be tendered. Even if the agreement expressly requires a full set: (a) Due tender of a single part is acceptable within the provisions of this Article on cure of improper delivery (subsection 1 of NRS 104.2508 ); and (b) Even though the full set is demanded, if the documents are sent from abroad the person tendering an incomplete set may nevertheless require payment upon furnishing an indemnity which the buyer in good faith deems adequate.

3. A shipment by water or by air or a contract contemplating such shipment is “overseas” insofar as by usage of trade or agreement it is subject to the commercial, financing or shipping practices characteristic of international deep water commerce.
Nev. Rev. Stat. § 104.4206 — NV Code / Title 8 / Chapter 104 / Section 104.4206
Transfer between banks
Status: in_force

Any agreed method which identifies the transferor bank is sufficient for the item's further transfer to another bank.