Nev. Rev. Stat. § 104.9334 — NV Code / Title 8 / Chapter 104 / Section 104.9334
Priority of security interests in fixtures and crops
Status: in_force

1. A security interest under this article may be created in goods that are fixtures or may continue in goods that become fixtures. A security interest does not exist under this article in ordinary building materials incorporated into an improvement on land.

2. This article does not prevent creation of an encumbrance upon fixtures under real property law.

3. In cases not governed by subsections 4 to 8, inclusive, a security interest in fixtures is subordinate to a conflicting interest of an encumbrancer or owner of the related real property other than the debtor.

4. Except as otherwise provided in subsection 8, a perfected security interest in fixtures has priority over a conflicting interest of an encumbrancer or owner of the real property if the debtor has an interest of record in or is in possession of the real property and: (a) The security interest is a purchase-money security interest; (b) The interest of the encumbrancer or owner arises before the goods become fixtures; and (c) The security interest is perfected by a fixture filing before the goods become fixtures or within 20 days thereafter.

5. A perfected security interest in fixtures has priority over a conflicting interest of an encumbrancer or owner of the real property if: (a) The debtor has an interest of record in the real property or is in possession of the real property and the security interest: (1) Is perfected by a fixture filing before the interest of the encumbrancer or owner is of record; and (2) Has priority over any conflicting interest of a predecessor in title of the encumbrancer or owner; (b) Before the goods become fixtures, the security interest is perfected by any method permitted by this article and the fixtures are readily removable: (1) Factory or office machines; (2) Equipment that is not primarily used or leased for use in the operation of the real property; or (3) Replacements of domestic appliances that are consumer goods; (c) The conflicting interest is a lien on the real property obtained by legal or equitable proceedings after the security interest was perfected by any method permitted by this article; or (d) The security interest is: (1) Created in a manufactured home in a manufactured-home transaction; and (2) Perfected pursuant to a statute described in paragraph (b) of subsection 1 of NRS 104.9311 .

6. A security interest in fixtures, whether or not perfected, has priority over a conflicting interest of an encumbrancer or owner of the real property if: (a) The encumbrancer or owner has, in a signed record, consented to the security interest or disclaimed an interest in the goods as fixtures; or (b) The debtor has a right to remove the goods as against the encumbrancer or owner.

7. The priority of the security interest under paragraph (b) of subsection 6 continues for a reasonable time if the debtor's right to remove the goods as against the encumbrancer or owner terminates.

8. A mortgage is a construction mortgage to the extent that it secures an obligation incurred for the construction of an improvement on land, including the acquisition cost of the land, if the recorded record so indicates. Except as otherwise provided in subsections 5 and 6, a security interest in fixtures is subordinate to a construction mortgage recorded before the goods become fixtures if the goods become fixtures before the completion of the construction. A mortgage has this priority to the same extent as a construction mortgage to the extent that it is given to refinance a construction mortgage.

9. A perfected security interest in crops growing on real property has priority over a conflicting interest of an encumbrancer or owner of the real property if the debtor has an interest of record in or is in possession of the real property.
Nev. Rev. Stat. § 104.8110 — NV Code / Title 8 / Chapter 104 / Section 104.8110
Applicability; choice of law
Status: in_force

1. The local law of the issuer's jurisdiction, as specified in subsection 4, governs: (a) The validity of a security; (b) The rights and duties of the issuer with respect to registration of transfer; (c) The effectiveness of registration of transfer by the issuer; (d) Whether the issuer owes any duties to an adverse claimant to a security; and (e) Whether an adverse claim can be asserted against a person to whom transfer of a certificated or uncertificated security is registered or a person who obtains control of an uncertificated security.

2. The local law of the securities intermediary's jurisdiction, as specified in subsection 5, governs: (a) Acquisition of a security entitlement from the securities intermediary; (b) The rights and duties of the securities intermediary and entitlement holder arising out of a security entitlement; (c) Whether the securities intermediary owes any duties to an adverse claimant to a security entitlement; and (d) Whether an adverse claim can be asserted against a person who acquires a security entitlement from the securities intermediary or a person who purchases a security entitlement or interest therein from an entitlement holder.

3. The local law of the jurisdiction in which a security certificate is located at the time of delivery governs whether an adverse claim can be asserted against a person to whom the security certificate is delivered.

4. “ Issuer's jurisdiction ” means the jurisdiction under which the issuer of the security is organized or, if permitted by the law of that jurisdiction, the law of another jurisdiction specified by the issuer. An issuer organized under the law of this State may specify the law of another jurisdiction as the law governing the matters specified in paragraphs (b) to (e), inclusive, of subsection 1.

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

6. A securities intermediary's jurisdiction is not determined by the physical location of certificates representing financial assets, or by the jurisdiction in which is organized the issuer of the financial asset with respect to which an entitlement holder has a security entitlement or by the location of facilities for data processing or other recordkeeping concerning the account.

7. The local law of the issuer's jurisdiction or the securities intermediary's jurisdiction governs a matter or transaction specified in subsections 1 and 2 even if the matter or transaction does not bear any relation to the jurisdiction.
Nev. Rev. Stat. § 104A.2514 — NV Code / Title 8 / Chapter 104A / Section 104A.2514
Waiver of lessee's objections
Status: in_force

1. In rejecting goods, a lessee's failure to state a particular defect that is ascertainable by reasonable inspection precludes the lessee from relying on the defect to justify rejection or to establish default: (a) If, stated seasonably, the lessor or the supplier could have cured it ( NRS 104A.2513 ); or (b) Between merchants if the lessor or the supplier after rejection has made a request in writing for a full and final written statement of all defects on which the lessee proposes to rely.

2. A lessee's failure to reserve rights when paying rent or other consideration against documents precludes recovery of the payment for defects apparent in the documents.
Nev. Rev. Stat. § 104A.2529 — NV Code / Title 8 / Chapter 104A / Section 104A.2529
Lessor's action for the rent
Status: in_force

1. After default by the lessee under the lease contract of the type described in subsection 1 or paragraph (a) of subsection 3 of NRS 104A.2523 or, if agreed, after other default by the lessee, if the lessor complies with subsection 2, the lessor may recover from the lessee as damages: (a) For goods accepted by the lessee and not repossessed by or tendered to the lessor, and for conforming goods lost or damaged within a commercially reasonable time after risk of loss passes to the lessee ( NRS 104A.2219 ): (1) Accrued and unpaid rent as of the date of entry of judgment in favor of the lessor; (2) The present value as of the same date of the rent for the then remaining lease term of the lease agreement; and (3) Any incidental damages allowed under NRS 104A.2530 , less expenses saved in consequence of the lessee's default; and (b) For goods identified to the lease contract if the lessor is unable after reasonable effort to dispose of them at a reasonable price or the circumstances reasonably indicate that effort will be unavailing: (1) Accrued and unpaid rent as of the date of entry of judgment in favor of the lessor; (2) The present value as of the same date of the rent for the then remaining lease term of the lease agreement; and (3) Any incidental damages allowed under NRS 104A.2530 , less expenses saved in consequence of the lessee's default.

2. Except as provided in subsection 3, the lessor shall hold for the lessee for the remaining lease term of the lease agreement any goods that have been identified to the lease contract and are in the lessor's control.

3. The lessor may dispose of the goods at any time before collection of the judgment for damages obtained pursuant to subsection 1. If the disposition is before the end of the remaining lease term of the lease agreement, the lessor's recovery against the lessee for damages is governed by NRS 104A.2527 or 104A.2528 , and the lessor will cause an appropriate credit to be provided against a judgment for damages to the extent that the amount of the judgment exceeds the recovery available pursuant to NRS 104A.2527 or 104A.2528 .

4. Payment of the judgment for damages obtained pursuant to subsection 1 entitles the lessee to the use and possession of the goods not then disposed of for the remaining lease term of and in accordance with the lease agreement.

5. After default by the lessee under the lease contract of the type described in subsection 1 or paragraph (a) of subsection 3 of NRS 104A.2523 or, if agreed, after other default by the lessee, a lessor who is held not entitled to rent under this section must nevertheless be awarded damages for nonacceptance under NRS 104A.2527 or 104A.2528 .
Nev. Rev. Stat. § 97.315 — NV Code / Title 8 / Chapter 97 / Section 97.315
Injunction to prevent violation
Status: in_force

The Attorney General or the district attorney may bring an action in the name of the state against any person to restrain and prevent any violation of this chapter.
Nev. Rev. Stat. § 104A.010 — NV Code / Title 8 / Chapter 104A / Section 104A.010
Applicability of and references to Uniform Commercial Code
Status: in_force

1. The provisions of Article 1 of the Uniform Commercial Code apply to this chapter as if the provisions of this chapter were included in chapter 104 of NRS .

2. Unless limited by specific statute, a reference in NRS to the Uniform Commercial Code or to chapter 104 of NRS shall be deemed to refer to chapter 104 of NRS together with this chapter and chapters 104B and 104C of NRS.
Nev. Rev. Stat. § 104.3103 — NV Code / Title 8 / Chapter 104 / Section 104.3103
Definitions
Status: in_force

1. In this Article: (a) “ Acceptor ” means a drawee who has accepted a draft. (b) “ Drawee ” means a person ordered in a draft to make payment. (c) “ Drawer ” means a person who signs or is identified in a draft as a person ordering payment. (d) “ Maker ” means a person who signs or is identified in a note as a person undertaking to pay. (e) “ Order ” means a written instruction to pay money signed by the person giving the instruction. The instruction may be addressed to any person, including the person giving the instruction, or to one or more persons jointly or in the alternative but not in succession. An authorization to pay is not an order unless the person authorized to pay is also instructed to pay. (f) “ Ordinary care ” in the case of a person engaged in business means observance of reasonable commercial standards, prevailing in the area in which the person is located, with respect to the business in which the person is engaged. In the case of a bank that takes an instrument for processing for collection or payment by automated means, reasonable commercial standards do not require the bank to examine the instrument if the failure to examine does not violate its prescribed procedures and its procedures do not vary unreasonably from general banking usage not disapproved by this Article or Article 4. (g) “ Party ” means a party to an instrument. (h) “ Promise ” means a written undertaking to pay money signed by the person undertaking to pay. An acknowledgment of an obligation by the obligor is not a promise unless the obligor also undertakes to pay the obligation. (i) “ Prove ” with respect to a fact means to meet the burden of establishing the fact (paragraph (h) of subsection 2 of NRS 104.1201 ). (j) “ 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. (k) “ Remitter ” means a person who purchases an instrument from its issuer if the instrument is payable to an identified person other than the purchaser. (l) “ Remotely-created item ” means an item drawn on an account, which is not created by the payor bank and does not bear a signature purporting to be the signature of the drawer.

2. Other definitions applying to this Article and the sections in which they appear are: “Acceptance.” NRS 104.3409 . “Accommodated party.” NRS 104.3419 . “Accommodation party.” NRS 104.3419 . “Account.” NRS 104.4104 . “Alteration.” NRS 104.3407 . “Anomalous endorsement.” NRS 104.3205 . “Blank endorsement.” NRS 104.3205 . “Cashier's check.” NRS 104.3104 . “Certificate of deposit.” NRS 104.3104 . “Certified check.” NRS 104.3409 . “Check.” NRS 104.3104 . “Consideration.” NRS 104.3303 . “Draft.” NRS 104.3104 . “Endorsement.” NRS 104.3204 . “Endorser.” NRS 104.3204 . “Holder in due course.” NRS 104.3302 . “Incomplete instrument.” NRS 104.3115 . “Instrument.” NRS 104.3104 . “Issue.” NRS 104.3105 . “Issuer.” NRS 104.3105 . “Negotiable instrument.” NRS 104.3104 . “Negotiation.” NRS 104.3201 . “Note.” NRS 104.3104 . “Payable at a definite time.” NRS 104.3108 . “Payable on demand.” NRS 104.3108 . “Payable to bearer.” NRS 104.3109 . “Payable to order.” NRS 104.3109 . “Payment.” NRS 104.3602 . “Person entitled to enforce.” NRS 104.3301 . “Presentment.” NRS 104.3501 . “Reacquisition.” NRS 104.3207 . “Special endorsement.” NRS 104.3205 . “Teller's check.” NRS 104.3104 . “Transfer of instrument.” NRS 104.3203 . “Traveler's check.” NRS 104.3104 . “Value.” NRS 104.3303 .

3. The following definitions in other Articles apply to this Article: “Bank.” NRS 104.4105 . “Banking day.” NRS 104.4104 . “Clearinghouse.” NRS 104.4104 . “Collecting bank.” NRS 104.4105 . “Customer.” NRS 104.4104 . “Depositary bank.” NRS 104.4105 . “Documentary draft.” NRS 104.4104 . “Intermediary bank.” NRS 104.4105 . “Item.” NRS 104.4104 . “Payor bank.” NRS 104.4105 . “Suspends payments.” NRS 104.4104 .

4. In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.
Nev. Rev. Stat. § 104.2504 — NV Code / Title 8 / Chapter 104 / Section 104.2504
Shipment by seller
Status: in_force

Where the seller is required or authorized to send the goods to the buyer and the contract does not require the seller to deliver them at a particular destination, then unless otherwise agreed the seller must:

1. Put the goods in the possession of such a carrier and make such a contract for their transportation as may be reasonable having regard to the nature of the goods and other circumstances of the case; and

2. Obtain and promptly deliver or tender in due form any document necessary to enable the buyer to obtain possession of the goods or otherwise required by the agreement or by usage of trade; and

3. Promptly notify the buyer of the shipment.

Failure to notify the buyer under subsection 3 or to make a proper contract under subsection 1 is a ground for rejection only if material delay or loss ensues.
Nev. Rev. Stat. § 101.070 — NV Code / Title 8 / Chapter 101 / Section 101.070
Death of joint obligor
Status: in_force

On the death of a joint obligor in contract, the joint obligor’s executor or administrator shall be bound as such jointly with the surviving obligor or obligors.
Nev. Rev. Stat. § 97A.142 — NV Code / Title 8 / Chapter 97A / Section 97A.142
Verification of identity of person accepting firm offer of credit: When required; actions deemed to be verification of identity
Status: in_force

1. If a solicitor makes a firm offer of credit for a credit card to a person by mail and receives an acceptance of that offer which has a substantially different address listed for the person than the address to which the solicitor sent the offer, the solicitor shall verify that the person accepting the offer is the same person to whom the offer was made before sending the person the credit card.

2. A solicitor shall be deemed to have verified the address of a person pursuant to subsection 1 if the solicitor: (a) Telephones the person at a telephone number appearing in a publicly available directory or database as the telephone number of the person to whom the solicitation was made and the person acknowledges his or her acceptance of the solicitation; (b) Receives from the person accepting the offer of credit proof of identity in the form of an identification document, including, without limitation, a driver's license, passport, permanent resident card or tribal identification card which confirms that the person accepting the solicitation is the person to whom the solicitation was made; or (c) Uses any other commercially reasonable means to confirm that the person accepting the solicitation is the person to whom the solicitation was made, including, without limitation, any means adopted in federal regulations.

3. For the purposes of this section: (a) “ Firm offer of credit ” has the meaning ascribed to it in 15 U.S.C. § 1681a(l) . (b) “ Permanent resident card ” means a Permanent Resident Card issued by the United States Citizenship and Immigration Services of the Department of Homeland Security. (c) “ Solicitor ” means a person who makes a firm offer of credit for a credit card by mail solicitation, but does not include an issuer or other creditor when that issuer or creditor relies on an independent third party to provide the solicitation services. (d) “ Tribal identification card ” means an identification card issued by a tribal government which satisfies the requirements of subsection 3 of NRS 232.006 .
Nev. Rev. Stat. § 104.2608 — NV Code / Title 8 / Chapter 104 / Section 104.2608
Revocation of acceptance in whole or in part
Status: in_force

1. The buyer may revoke his or her acceptance of a lot or commercial unit whose nonconformity substantially impairs its value to the buyer if the buyer has accepted it: (a) On the reasonable assumption that its nonconformity would be cured and it has not been seasonably cured; or (b) Without discovery of such nonconformity if his or her acceptance was reasonably induced either by the difficulty of discovery before acceptance or by the seller's assurances.

2. Revocation of acceptance must occur within a reasonable time after the buyer discovers or should have discovered the ground for it and before any substantial change in condition of the goods which is not caused by their own defects. It is not effective until the buyer notifies the seller of it.

3. A buyer who so revokes has the same rights and duties with regard to the goods involved as if the buyer had rejected them.
Nev. Rev. Stat. § 104.4205 — NV Code / Title 8 / Chapter 104 / Section 104.4205
Depository bank holder of unendorsed item
Status: in_force

If a customer delivers an item to a depositary bank for collection:

1. The depositary bank becomes a holder of the item at the time it receives the item for collection if the customer at the time of delivery was a holder of the item, whether or not the customer endorses the item, and, if the bank satisfies the other requirements of NRS 104.3302 , it is a holder in due course; and

2. The depositary bank warrants to collecting banks, the payor bank or other payor, and the drawer that the amount of the item was paid to the customer or deposited to the customer's account.
Nev. Rev. Stat. § 104A.2204 — NV Code / Title 8 / Chapter 104A / Section 104A.2204
Formation in general
Status: in_force

1. A lease contract may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of a lease contract.

2. An agreement sufficient to constitute a lease contract may be found although the moment of its making is undetermined.

3. Although one or more terms are left open, a lease contract does not fail for indefiniteness if the parties have intended to make a lease contract and there is a reasonably certain basis for giving an appropriate remedy.
Nev. Rev. Stat. § 97A.090 — NV Code / Title 8 / Chapter 97A / Section 97A.090
“Interest” defined
Status: in_force

1. “Interest,” however denominated or expressed, means the amount which is paid or payable for the privilege of purchasing goods or services with a credit card to be paid for in installments over a period that is longer than the grace period allowed by the issuer during which no payment is due.

2. The term includes: (a) Annual membership fees; (b) Charges for the delinquent payment of an installment; (c) Charges for a check or other negotiable instrument that is submitted for the payment of an installment and is drawn on an account with insufficient money to pay the installment; (d) Charges for the extension of credit in excess of the limit prescribed by the issuer; and (e) Any other charge or fee to which the issuer and cardholder agree.

3. The term does not include premiums paid for insurance, attorney's fees, court costs or fees required to file any civil action.
Nev. Rev. Stat. § 104.9512 — NV Code / Title 8 / Chapter 104 / Section 104.9512
Amendment of financing statement
Status: in_force

1. Subject to NRS 104.9509 , a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection 5, otherwise amend the information provided in, a financing statement by filing an amendment that: (a) Identifies, by its file number, the initial financing statement to which the amendment relates; and (b) If the amendment relates to an initial financing statement filed or recorded in a filing office described in paragraph (a) of subsection 1 of NRS 104.9501 , provides the date that the initial financing statement was filed or recorded and the information specified in subsection 2 of NRS 104.9502 .

2. Except as otherwise provided in NRS 104.9515 , the filing of an amendment does not extend the period of effectiveness of the financing statement.

3. A financing statement that is amended by an amendment that adds collateral is effective as to the added collateral only from the date of the filing of the amendment.

4. A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filing of the amendment.

5. An amendment is ineffective to the extent it: (a) Purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or (b) Purports to delete all secured parties of record and fails to provide the name of a new secured party of record.
Nev. Rev. Stat. § 104.7203 — NV Code / Title 8 / Chapter 104 / Section 104.7203
Liability for nonreceipt or misdescription
Status: in_force

A party to or purchaser for value in good faith of a document of title, other than a bill of lading, that relies upon the description of the goods in the document may recover from the issuer damages caused by the nonreceipt or misdescription of the goods, except to the extent that:

1. The document conspicuously indicates that the issuer does not know whether all or part of the goods in fact were received or conform to the description, such as a case in which the description is in terms of marks or labels or kind, quantity or condition, or the receipt or description is qualified by “contents, condition and quality unknown,” “said to contain,” or words of similar import, if the indication is true; or

2. The party or purchaser otherwise has notice of the nonreceipt or misdescription.
Nev. Rev. Stat. § 104A.4404 — NV Code / Title 8 / Chapter 104A / Section 104A.4404
Obligation of beneficiary's bank to pay and give notice to beneficiary
Status: in_force

1. Except as otherwise provided in subsection 5 of NRS 104A.4211 and subsections 4 and 5 of NRS 104A.4405 , if a beneficiary's bank accepts a payment order, the bank is obliged to pay the amount of the order to the beneficiary of the order. Payment is due on the payment date of the order, but if acceptance occurs on the payment date after the close of the funds-transfer business day of the bank, payment is due on the next funds-transfer business day. If the bank refuses to pay after demand by the beneficiary and receipt of notice of particular circumstances that will give rise to consequential damages as a result of nonpayment, the beneficiary may recover damages resulting from the refusal to pay to the extent the bank had notice of the damages, unless the bank proves that it did not pay because of a reasonable doubt concerning the right of the beneficiary to payment.

2. If a payment order accepted by the beneficiary's bank instructs payment to an account of the beneficiary, the bank is obliged to notify the beneficiary of receipt of the order before midnight of the next funds-transfer business day following the payment date. If the payment order does not instruct payment to an account of the beneficiary, the bank is required to notify the beneficiary only if notice is required by the order. Notice may be given by first-class mail or any other means reasonable in the circumstances. If the bank fails to give the required notice, the bank is obliged to pay interest to the beneficiary on the amount of the payment order from the day notice should have been given until the day the beneficiary learned of receipt of the payment order by the bank. No other damages are recoverable. Reasonable attorney's fees are also recoverable if demand for interest is made and refused before an action is brought on the claim.

3. The right of a beneficiary to receive payment and damages as stated in subsection 1 may not be varied by agreement or a funds-transfer system rule. The right of a beneficiary to be notified as stated in subsection 2 may be varied by agreement of the beneficiary or by a funds-transfer system rule if the beneficiary is notified of the rule before initiation of the funds transfer.
Nev. Rev. Stat. § 104.2101 — NV Code / Title 8 / Chapter 104 / Section 104.2101
Short title
Status: in_force

This article shall be known and may be cited as Uniform Commercial Code--Sales.
Nev. Rev. Stat. § 104.2602 — NV Code / Title 8 / Chapter 104 / Section 104.2602
Manner and effect of rightful rejection
Status: in_force

1. Rejection of goods must be within a reasonable time after their delivery or tender. It is ineffective unless the buyer seasonably notifies the seller.

2. Subject to the provisions of the two following sections on rejected goods ( NRS 104.2603 and 104.2604 ): (a) After rejection any exercise of ownership by the buyer with respect to any commercial unit is wrongful as against the seller; and (b) If the buyer has before rejection taken physical possession of goods in which the buyer does not have a security interest under the provisions of this Article (subsection 3 of NRS 104.2711 ), the buyer is under a duty after rejection to hold them with reasonable care at the seller's disposition for a time sufficient to permit the seller to remove them; but (c) The buyer has no further obligations with regard to goods rightfully rejected.

3. The seller's rights with respect to goods wrongfully rejected are governed by the provisions of this Article on seller's remedies in general ( NRS 104.2703 ).
Nev. Rev. Stat. § 104.4209 — NV Code / Title 8 / Chapter 104 / Section 104.4209
Encoding and retention warranties
Status: in_force

1. A person who encodes information on or with respect to an item after issue, warrants to any subsequent collecting bank and to the payor bank or other payor that the information is correctly encoded. If the customer of a depositary bank encodes, that bank also makes the warranty.

2. A person who undertakes to retain an item pursuant to an agreement for electronic presentment warrants to any subsequent collecting bank and to the payor bank or other payor that retention and presentment of the item comply with the agreement. If a customer of a depositary bank undertakes to retain an item, that bank also makes this warranty.

3. A person to whom warranties are made under this section and who took the item in good faith may recover from the warrantor as damages for breach of warranty an amount equal to the loss suffered as a result of the breach, plus expenses and loss of interest incurred as a result of the breach.
Nev. Rev. Stat. § 104.1303 — NV Code / Title 8 / Chapter 104 / Section 104.1303
Course of performance, course of dealing and usage of trade
Status: in_force

1. A “ course of performance ” is a sequence of conduct between the parties to a particular transaction that exists if: (a) The agreement of the parties with respect to the transaction involves repeated occasions for performance by a party; and (b) The other party, with knowledge of the nature of the performance and opportunity for objection to it, accepts the performance or acquiesces in it without objection.

2. A “ course of dealing ” is a sequence of conduct concerning previous transactions between the parties to a particular transaction that is fairly to be regarded as establishing a common basis of understanding for interpreting their expressions and other conduct.

3. A “ usage of trade ” is any practice or method of dealing having such regularity of observance in a place, vocation or trade as to justify an expectation that it will be observed with respect to the transaction in question. The existence and scope of such a usage must be proved as facts. If it is established that such a usage is embodied in a trade code or similar record, the interpretation of the record is a question of law.

4. A course of performance or course of dealing between the parties or usage of trade in the vocation or trade in which they are engaged or of which they are or should be aware is relevant in ascertaining the meaning of the parties' agreement, may give particular meaning to specific terms of the agreement, and may supplement or qualify the terms of the agreement. A usage of trade applicable in the place in which part of the performance under the agreement is to occur may be so utilized as to that part of the performance.

5. Except as otherwise provided in subsection 6, the express terms of an agreement and any applicable course of performance, course of dealing or usage of trade must be construed whenever reasonable as consistent with each other. If such a construction is unreasonable: (a) Express terms prevail over course of performance, course of dealing and usage of trade; (b) Course of performance prevails over course of dealing and usage of trade; and (c) Course of dealing prevails over usage of trade.

6. Subject to NRS 104.2209 , a course of performance is relevant to show a waiver or modification of any term inconsistent with the course of performance.

7. Evidence of a relevant usage of trade offered by one party is not admissible unless that party has given the other party notice that the court finds sufficient to prevent unfair surprise to the other party.
Nev. Rev. Stat. § 101.040 — NV Code / Title 8 / Chapter 101 / Section 101.040
Payments credited to coobligors
Status: in_force

The amount or value of any consideration received by the obligee from one or more of several obligors, or from one or more of joint, or of joint and several obligors, in whole or in partial satisfaction of their obligations, shall be credited to the extent of the amount received on the obligations of all coobligors to whom the obligor or obligors giving the consideration did not stand in the relation of a surety.
Nev. Rev. Stat. § 104A.2109 — NV Code / Title 8 / Chapter 104A / Section 104A.2109
Option to accelerate at will
Status: in_force

1. A term providing that one party or his or her successor in interest may accelerate payment or performance or require collateral or additional collateral “at will” or “when he or she deems himself or herself insecure” or in words of similar import must be construed to mean that he or she has power to do so only if he or she in good faith believes that the prospect of payment or performance is impaired.

2. With respect to a consumer lease, the burden of establishing good faith under subsection 1 is on the party who exercised the power; otherwise the burden of establishing lack of good faith is on the party against whom the power has been exercised.
Nev. Rev. Stat. § 104.2713 — NV Code / Title 8 / Chapter 104 / Section 104.2713
Buyer's damages for nondelivery or repudiation
Status: in_force

1. Subject to the provisions of this Article with respect to proof of market price ( NRS 104.2723 ), the measure of damages for nondelivery or repudiation by the seller is the difference between the market price at the time when the buyer learned of the breach and the contract price together with any incidental and consequential damages provided in this Article ( NRS 104.2715 ), but less expenses saved in consequence of the seller's breach.

2. Market price 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.
Nev. Rev. Stat. § 104A.4302 — NV Code / Title 8 / Chapter 104A / Section 104A.4302
Obligation of receiving bank in execution of payment order
Status: in_force

1. Except as otherwise provided in subsections 2, 3 and 4, if the receiving bank accepts a payment order pursuant to subsection 1 of NRS 104A.4209 , the bank has the following obligations in executing the order: (a) The receiving bank is obliged to issue, on the execution date, a payment order complying with the sender's order and to follow the sender's instructions concerning any intermediary bank or funds-transfer system to be used in carrying out the funds transfer, or the means by which payment orders are to be transmitted in the funds transfer. If the originator's bank issues a payment order to an intermediary bank, the originator's bank is obliged to instruct the intermediary bank according to the instruction of the originator. An intermediary bank in the funds transfer is similarly bound by an instruction given to it by the sender of the payment order it accepts. (b) If the sender's instruction states that the funds transfer is to be carried out telephonically or by wire transfer or otherwise indicates that the funds transfer is to be carried out by the most expeditious means, the receiving bank is obliged to transmit its payment order by the most expeditious available means, and to instruct any intermediary bank accordingly. If a sender's instruction states a payment date, the receiving bank is obliged to transmit its payment order at a time and by means reasonably necessary to allow payment to the beneficiary on the payment date or as soon thereafter as is feasible.

2. Unless otherwise instructed, a receiving bank executing a payment order may use any funds-transfer system if use of that system is reasonable in the circumstances, and issue a payment order to the beneficiary's bank or to an intermediary bank through which a payment order conforming to the sender's order can expeditiously be issued to the beneficiary's bank if the receiving bank exercises ordinary care in the selection of the intermediary bank. A receiving bank is not required to follow an instruction of the sender designating a funds-transfer system to be used in carrying out the funds transfer if the receiving bank, in good faith, determines that it is not feasible to follow the instruction or that following the instruction would unduly delay completion of the funds transfer.

3. Unless paragraph (b) of subsection 1 applies or the receiving bank is otherwise instructed, the bank may execute a payment order by transmitting its payment order by first-class mail or by any means reasonable in the circumstances. If the receiving bank is instructed to execute the sender's order by transmitting its payment order by a particular means, the receiving bank may issue its payment order by the means stated or by any means as expeditious as the means stated.

4. Unless instructed by the sender: (a) The receiving bank may not obtain payment of its charges for services and expenses in connection with the execution of the sender's order by issuing a payment order in an amount equal to the amount of the sender's order less the amount of the charges; and (b) May not instruct a subsequent receiving bank to obtain payment of its charges in the same manner.
Nev. Rev. Stat. § 104.9602 — NV Code / Title 8 / Chapter 104 / Section 104.9602
Waiver and variance of rights and duties of debtor and obligor
Status: in_force

Except as otherwise provided in NRS 104.9624 , to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections:

1. Subparagraph (3) of paragraph (d) of subsection 2 of NRS 104.9207 , which deals with use and operation of the collateral by the secured party;

2. NRS 104.9210 , which deals with requests for an accounting and requests concerning a list of collateral and statement of account;

3. Subsection 3 of NRS 104.9607 , which deals with collection and enforcement of collateral;

4. Subsection 1 of NRS 104.9608 and subsection 3 of NRS 104.9615 to the extent that they deal with application or payment of noncash proceeds of collection, enforcement or disposition;

5. Subsection 1 of NRS 104.9608 and subsection 4 of NRS 104.9615 to the extent that they require accounting for or payment of surplus proceeds of collateral;

6. NRS 104.9609 to the extent that it imposes upon a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace;

7. Subsection 2 of NRS 104.9610 and NRS 104.9611 , 104.9613 and 104.9614 , which deal with disposition of collateral;

8. Subsection 6 of NRS 104.9615 , which deals with calculation of a deficiency or surplus when a disposition is made to the secured party, a person related to the secured party or a secondary obligor;

9. NRS 104.9616 , which deals with explanation of the calculation of a surplus or deficiency;

10. NRS 104.9620 , 104.9621 and 104.9622 , which deal with acceptance of collateral in satisfaction of obligation;

11. NRS 104.9623 , which deals with redemption of collateral;

12. NRS 104.9624 , which deals with permissible waivers; and

13. NRS 104.9625 and 104.9626 , which deal with the secured party's liability for failure to comply with this article.
Nev. Rev. Stat. § 104.1305 — NV Code / Title 8 / Chapter 104 / Section 104.1305
Remedies to be liberally administered
Status: in_force

1. The remedies provided by the Uniform Commercial Code must be liberally administered to the end that the aggrieved party may be put in as good a position as if the other party had fully performed but neither consequential or special damages nor penal damages may be had except as specifically provided in the Uniform Commercial Code or by other rule of law.

2. Any right or obligation declared by the Uniform Commercial Code is enforceable by action unless the provision declaring it specifies a different and limited effect.
Nev. Rev. Stat. § 104.9605 — NV Code / Title 8 / Chapter 104 / Section 104.9605
Duty to unknown debtor or secondary obligor
Status: in_force

1. Except as provided in subsection 2, a secured party does not owe a duty based on its status as secured party: (a) To a person that is a debtor or obligor, unless the secured party knows: (1) That he or she is a debtor or obligor; (2) His or her identity; and (3) How to communicate with him or her; or (b) To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows: (1) That the person is a debtor; and (2) His or her identity.

2. A secured party owes a duty based on its status as a secured party to a person if, at the time the secured party obtains control of collateral that is a controllable account, controllable electronic record or controllable payment intangible or at the time the security interest attaches to the collateral, whichever is later: (a) The person is a debtor or obligor; and (b) The secured party knows that the information in subparagraph (1), (2) or (3) of paragraph (a) of subsection 1 relating to the person is not provided by the collateral, a record attached to or logically associated with the collateral or the system in which the collateral is recorded.
Nev. Rev. Stat. § 104.7301 — NV Code / Title 8 / Chapter 104 / Section 104.7301
Liability for nonreceipt or misdescription; “said to contain”; “shipper's weight, load and count”; improper handling
Status: in_force

1. A consignee of a nonnegotiable bill of lading which has given value in good faith, or a holder to whom a negotiable bill has been duly negotiated, relying upon the description of the goods in the bill or upon the date shown in the bill, may recover from the issuer damages caused by the misdating of the bill or the nonreceipt or misdescription of the goods, except to the extent that the bill indicates that the issuer does not know whether any part or all of the goods in fact were received or conform to the description, such as in a case in which the description is in terms of marks or labels or kind, quantity or condition, or the receipt or description is qualified by “contents or condition of contents of packages unknown,” “said to contain,” “shipper's weight, load and count,” or words of similar import, if that indication is true.

2. If goods are loaded by the issuer of a bill of lading: (a) The issuer shall count the packages of goods if shipped in packages and ascertain the kind and quantity if shipped in bulk; and (b) Words such as “shipper's weight, load and count,” or words of similar import indicating that the description was made by the shipper are ineffective except as to goods concealed in packages.

3. If bulk goods are loaded by a shipper that makes available to the issuer of a bill of lading adequate facilities for weighing those goods, the issuer shall ascertain the kind and quantity within a reasonable time after receiving the shipper's request in a record to do so. In that case, “shipper's weight” or words of similar import are ineffective.

4. The issuer of a bill of lading, by including in the bill the words “shipper's weight, load and count,” or words of similar import, may indicate that the goods were loaded by the shipper, and, if that statement is true, the issuer is not liable for damages caused by the improper loading. However, omission of such words does not imply liability for damages caused by improper loading.

5. A shipper guarantees to an issuer the accuracy at the time of shipment of the description, marks, labels, number, kind, quantity, condition and weight, as furnished by the shipper, and the shipper shall indemnify the issuer against damage caused by inaccuracies in those particulars. This right of indemnity does not limit the issuer's responsibility or liability under the contract of carriage to any person other than the shipper.
Nev. Rev. Stat. § 104.8509 — NV Code / Title 8 / Chapter 104 / Section 104.8509
Specification of duties of securities intermediary by other statute or regulation; manner of performance of duties of securities intermediary and exercise of rights of entitlement holder
Status: in_force

1. If the substance of a duty imposed upon a securities intermediary by NRS 104.8504 to 104.8508 , inclusive, is the subject of other statute, regulation or rule, compliance with that statute, regulation or rule satisfies the duty.

2. To the extent that specific standards for the performance of the duties of a securities intermediary or the exercise of the rights of an entitlement holder are not specified by other statute, regulation or rule or by agreement between the securities intermediary and entitlement holder, the securities intermediary shall perform its duties and the entitlement holder shall exercise its rights in a commercially reasonable manner.

3. The obligation of a securities intermediary to perform the duties imposed by NRS 104.8504 to 104.8508 , inclusive, is subject to: (a) Rights of the securities intermediary arising out of a security interest under a security agreement with the entitlement holder or otherwise; and (b) Rights of the securities intermediary under other law, regulation, rule or agreement to withhold performance of its duties as a result of unfulfilled obligations of the entitlement holder to the securities intermediary.

4. NRS 104.8504 to 104.8508 , inclusive, do not require a securities intermediary to take any action that is prohibited by other statute, regulation or rule.
Nev. Rev. Stat. § 104A.2101 — NV Code / Title 8 / Chapter 104A / Section 104A.2101
Short title
Status: in_force

This article shall be known and may be cited as Uniform Commercial Code--Leases.
Nev. Rev. Stat. § 104A.4305 — NV Code / Title 8 / Chapter 104A / Section 104A.4305
Liability for late or improper execution or failure to execute payment order
Status: in_force

1. If a funds transfer is completed but execution of a payment order by the receiving bank in breach of NRS 104A.4302 results in delay in payment to the beneficiary, the bank is obliged to pay interest to either the originator or the beneficiary of the funds transfer for the period of delay caused by the improper execution. Except as otherwise provided in subsection 3, additional damages are not recoverable.

2. If execution of a payment order by a receiving bank in breach of NRS 104A.4302 results in noncompletion of the funds transfer, failure to use an intermediary bank designated by the originator, or issuance of a payment order that does not comply with the terms of the payment order of the originator, the bank is liable to the originator for its expenses in the funds transfer and for incidental expenses and interest losses, to the extent not covered by subsection 1, resulting from the improper execution. Except as otherwise provided in subsection 3, additional damages are not recoverable.

3. In addition to the amounts payable under subsections 1 and 2, damages, including consequential damages, are recoverable to the extent provided in an express agreement of the receiving bank, evidenced by a record.

4. If a receiving bank fails to execute a payment order it was obliged by express agreement to execute, the receiving bank is liable to the sender for its expenses in the transaction and for incidental expenses and interest losses resulting from the failure to execute. Additional damages, including consequential damages, are recoverable to the extent provided in an express agreement of the receiving bank, evidenced by a record, but are not otherwise recoverable.

5. Reasonable attorney's fees are recoverable if demand for compensation under subsection 1 or 2 is made and refused before an action is brought on the claim. If a claim is made for breach of an agreement under subsection 4 and the agreement does not provide for damages, reasonable attorney's fees are recoverable if demand for compensation under subsection 4 is made and refused before an action is brought on the claim.

6. Except as stated in this section, the liability of a receiving bank under subsections 1 and 2 may not be varied by agreement.
Nev. Rev. Stat. § 104.9613 — NV Code / Title 8 / Chapter 104 / Section 104.9613
Contents and form of notification before disposition of collateral: General
Status: in_force

1. Except in a consumer-goods transaction, the following rules apply: (a) The contents of a notification of disposition are sufficient if the notification: (1) Describes the debtor and the secured party; (2) Describes the collateral that is the subject of the intended disposition; (3) States the method of intended disposition; (4) States that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and (5) States the time and place of a public disposition or the time after which any other disposition is to be made. (b) Whether the contents of a notification that lacks any of the information specified in paragraph (a) are nevertheless sufficient is a question of fact. (c) The contents of a notification providing substantially the information specified in paragraph (a) are sufficient, even if the notification includes: (1) Information not specified by that paragraph; or (2) Minor errors that are not seriously misleading. (d) A particular phrasing of the notification is not required. (e) The following form of notification and the form appearing in paragraph (c) of subsection 1 of NRS 104.9614 , when completed in accordance with the instructions in subsection 2 and subsection 2 of NRS 104.9614 , each provides sufficient information: NOTIFICATION OF DISPOSITION OF COLLATERAL To: [ Name of debtor, obligor, or other person to which the notification is sent ] From: [ Name, address, and telephone number of secured party ] {1} Name of any debtor that is not an addressee: [ Name of each debtor ] {2} We will sell [describe collateral] [to the highest qualified bidder] at public sale. A sale could include a lease or license. The sale will be held as follows: Date: ________________________ Time: ________________________ Place: ________________________ {3} We will sell [ describe collateral ] at private sale sometime after [ date ]. A sale could include a lease or license. {4} You are entitled to an accounting of the unpaid indebtedness secured by the property that we intend to sell or, as applicable , lease or license. {5} If you request an accounting you must pay a charge of $ [ amount ]. {6} You may request an accounting by calling us at [ telephone number ].

2. The following instructions apply to the form of notification in paragraph (e) of subsection 1: (a) The instructions in this subsection refer to the numbers in braces before items in the form of notification in paragraph (e) of subsection 1. Do not include the numbers or braces in the notification. The numbers and braces are used only for the purpose of these instructions. (b) Include and complete item {1} only if there is a debtor that is not an addressee of the notification and list the name or names. (c) Include and complete either item {2}, if the notification relates to a public disposition of the collateral, or item {3}, if the notification relates to a private disposition of the collateral. If item {2} is included, include the words “to the highest qualified bidder” only if applicable. (d) Include and complete items {4} and {6}. (e) Include and complete item {5} only if the sender will charge the recipient for an accounting.
Nev. Rev. Stat. § 104.2717 — NV Code / Title 8 / Chapter 104 / Section 104.2717
Deduction of damages from the price
Status: in_force

The buyer on notifying the seller of his or her intention to do so may deduct all or any part of the damages resulting from any breach of the contract from any part of the price still due under the same contract.
Nev. Rev. Stat. § 104A.2107 — NV Code / Title 8 / Chapter 104A / Section 104A.2107
Waiver or renunciation of claim or right after default
Status: in_force

Any claim or right arising out of an alleged default or breach of warranty may be discharged in whole or in part without consideration by a waiver or renunciation in a signed record delivered by the aggrieved party.
Nev. Rev. Stat. § 104.3310 — NV Code / Title 8 / Chapter 104 / Section 104.3310
Effect of instrument on obligation for which taken
Status: in_force

1. Unless otherwise agreed, if a certified check, cashier's check or teller's check is taken for an obligation, the obligation is discharged to the same extent discharge would result if an amount of money equal to the amount of the instrument were taken in payment of the obligation. Discharge of the obligation does not affect any liability that the obligor may have as an endorser of the instrument.

2. Unless otherwise agreed and except as otherwise provided in subsection 1, if a note or an uncertified check is taken for an obligation, the obligation is suspended to the same extent the obligation would be discharged if an amount of money equal to the amount of the instrument were taken, and the following rules apply: (a) In the case of an uncertified check, suspension of the obligation continues until dishonor of the check or until it is paid or certified. Payment or certification of the check results in discharge of the obligation to the extent of the amount of the check. (b) In the case of a note, suspension of the obligation continues until dishonor of the note or until it is paid. Payment of the note results in discharge of the obligation to the extent of the payment. (c) Except as otherwise provided in paragraph (d), if the check or note is dishonored and the obligee of the obligation for which the instrument was taken is the person entitled to enforce the instrument, the obligee may enforce either the instrument or the obligation. In the case of an instrument of a third person which is negotiated to the obligee by the obligor, discharge of the obligor on the instrument also discharges the obligation. (d) If the person entitled to enforce the instrument taken for an obligation is a person other than the obligee, the obligee may not enforce the obligation to the extent the obligation is suspended. If the obligee is the person entitled to enforce the instrument but no longer has possession of it because it was lost, stolen or destroyed, the obligation may not be enforced to the extent of the amount payable on the instrument, and to that extent the obligee's rights against the obligor are limited to enforcement of the instrument.

3. If an instrument other than one described in subsection 1 or 2 is taken for an obligation, the effect is: (a) That stated in subsection 1 if the instrument is one on which a bank is liable as maker or acceptor; or (b) That stated in subsection 2 in any other case.
Nev. Rev. Stat. § 100.075 — NV Code / Title 8 / Chapter 100 / Section 100.075
Creditor's rights transferable without consent of debtor
Status: in_force

Any creditor may, without the consent of the debtor, transfer all or any part of his or her rights against the debtor to any third party. The assignee is entitled by virtue of an assignment or transfer to sue in his or her own name as a real party in interest. This section does not preclude a contract between the parties prohibiting the assignment or transfer of the creditor's rights against the debtor to a third party.
Nev. Rev. Stat. § 97B.090 — NV Code / Title 8 / Chapter 97B / Section 97B.090
Exemptions from chapter
Status: in_force

The provisions of this chapter do not apply to:

1. A person doing business pursuant to the authority of any law of this State or of the United States relating to banks, national banking associations, savings banks, trust companies, savings and loan associations, credit unions, mortgage brokers, mortgage bankers, thrift companies or insurance companies, including, without limitation, any affiliate or subsidiary of such a person regardless of whether the affiliate or subsidiary is a bank.

2. Any business: (a) Whose principal purpose or activity is lending money on real property which is secured by a mortgage; (b) Approved by the Federal National Mortgage Association as a seller or servicer; and (c) Approved by the United States Department of Housing and Urban Development and the Department of Veterans Affairs.

3. A person who provides money for investment in loans secured by a lien on real property, on his or her own account.

4. A seller of real property who offers credit secured by a mortgage of the property sold.

5. A person who exclusively extends credit to any person who is not a resident of this State for any business, commercial or agricultural purpose that is located outside this State.

6. A person while performing any act authorized pursuant to chapter 604A of NRS .

7. A motor vehicle manufacturer or distributor, or an affiliate or captive financial entity of a motor vehicle manufacturer or distributor.
Nev. Rev. Stat. § 104.8304 — NV Code / Title 8 / Chapter 104 / Section 104.8304
Endorsement
Status: in_force

1. An endorsement may be in blank or special. An endorsement in blank includes an endorsement to bearer. A special endorsement specifies to whom a security is to be transferred or who has power to transfer it. A holder may convert a blank endorsement to a special endorsement.

2. An endorsement purporting to be only of part of a security certificate representing units intended by the issuer to be separately transferable is effective to the extent of the endorsement.

3. An endorsement, whether special or in blank, does not constitute a transfer until delivery of the certificate on which it appears or, if the endorsement is on a separate document, until delivery of both the document and the certificate.

4. If a security certificate in registered form has been delivered to a purchaser without a necessary endorsement, the purchaser may become a protected purchaser only when the endorsement is supplied. However, against a transferor, a transfer is complete upon delivery and the purchaser has a specifically enforceable right to have any necessary endorsement supplied.

5. An endorsement of a security certificate in bearer form may give notice of an adverse claim to the certificate, but it does not otherwise affect a right to registration that the holder possesses.

6. Unless otherwise agreed, a person making an endorsement assumes only the obligations provided in NRS 104.8108 and not an obligation that the security will be honored by the issuer.
Nev. Rev. Stat. § 99.065 — NV Code / Title 8 / Chapter 99 / Section 99.065
Public securities: Compound interest authorized; repayment
Status: in_force

1. Bonds or other securities issued by this state or any of its political subdivisions may provide for the payment of compound interest. The amount of the compound interest must be treated as interest and not as an addition to the principal of the bond or other security.

2. If interest is compounded on some or all of an issue of securities, repayment of the securities: (a) Must commence no later than the 15th year after issue; and (b) If in installments, must be made no less often than annually.
Nev. Rev. Stat. § 104.2301 — NV Code / Title 8 / Chapter 104 / Section 104.2301
General obligations of parties
Status: in_force

The obligation of the seller is to transfer and deliver and that of the buyer is to accept and pay in accordance with the contract.
Nev. Rev. Stat. § 104.8207 — NV Code / Title 8 / Chapter 104 / Section 104.8207
Rights and duties of issuer with respect to registered owners
Status: in_force

1. Before the presentment for registration of transfer of a certificated security in registered form or of an instruction requesting transfer of an uncertificated security, the issuer or indenture trustee may treat the registered owner as the person exclusively entitled to vote, receive notifications and otherwise exercise all the rights and powers of an owner.

2. This article does not affect the liability of the registered owner of a security for calls, assessments or the like.
Nev. Rev. Stat. § 104.7504 — NV Code / Title 8 / Chapter 104 / Section 104.7504
Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery
Status: in_force

1. A transferee of a document of title, whether negotiable or nonnegotiable, to whom the document has been delivered but not duly negotiated, acquires the title and rights that its transferor had or had actual authority to convey.

2. In the case of a transfer of a nonnegotiable document of title, until but not after the bailee receives notice of the transfer, the rights of the transferee may be defeated: (a) By those creditors of the transferor which could treat the transfer as void under NRS 104.2402 or 104A.2308 ; (b) By a buyer from the transferor in ordinary course of business if the bailee has delivered the goods to the buyer or received notification of the buyer's rights; (c) By a lessee from the transferor in ordinary course of business if the bailee has delivered the goods to the lessee or received notification of the lessee's rights; or (d) As against the bailee, by good-faith dealings of the bailee with the transferor.

3. A diversion or other change of shipping instructions by the consignor in a nonnegotiable bill of lading which causes the bailee not to deliver the goods to the consignee defeats the consignee's title to the goods if the goods have been delivered to a buyer in ordinary course of business or a lessee in ordinary course of business and, in any event, defeats the consignee's rights against the bailee.

4. Delivery of the goods pursuant to a nonnegotiable document of title may be stopped by a seller under NRS 104.2705 or a lessor under NRS 104A.2526 , subject to the requirements of due notification in those sections. A bailee that honors the seller's or lessor's instructions is entitled to be indemnified by the seller or lessor against any resulting loss or expense.
Nev. Rev. Stat. § 104.3104 — NV Code / Title 8 / Chapter 104 / Section 104.3104
Negotiable instrument
Status: in_force

1. Except as otherwise provided in subsections 3 and 4, “ negotiable instrument ” means an unconditional promise or order to pay a fixed amount of money, with or without interest or other charges described in the promise or order, if it: (a) Is payable to bearer or to order at the time it is issued or first comes into possession of a holder; (b) Is payable on demand or at a definite time; and (c) Does not state any other undertaking or instruction by the person promising or ordering payment to do any act in addition to the payment of money, but the promise or order may contain: (1) An undertaking or power to give, maintain or protect collateral to secure payment; (2) An authorization or power to the holder to confess judgment or realize on or dispose of collateral; (3) A waiver of the benefit of any law intended for the advantage or protection of an obligor; (4) A term that specifies the law that governs the promise or order; or (5) An undertaking to resolve in a specified forum a dispute concerning the promise or order.

2. “ Instrument ” means a negotiable instrument.

3. An order that meets all of the requirements of subsection 1, except paragraph (a), and otherwise falls within the definition of “check” in subsection 6 is a negotiable instrument and a check.

4. A promise or order other than a check is not an instrument if, at the time it is issued or first comes into possession of a holder, it contains a conspicuous statement, however expressed, to the effect that the promise or order is not negotiable or is not an instrument governed by this article.

5. An instrument is a “ note ” if it is a promise and is a “ draft ” if it is an order. If an instrument falls within the definition of both “note” and “draft,” a person entitled to enforce the instrument may treat it as either.

6. “ Check ” means: (a) A draft, other than a documentary draft, payable on demand and drawn on a bank; or (b) A cashier's check or teller's check. An instrument may be a check even though it is described on its face by another term, such as “money order.”

7. “ Cashier's check ” means a draft with respect to which the drawer and drawee are the same bank or branches of the same bank.

8. “ Teller's check ” means a draft drawn by a bank: (a) On another bank; or (b) Payable at or through a bank.

9. “ Traveler's check ” means an instrument that: (a) Is payable on demand; (b) Is drawn on or payable at or through a bank; (c) Is designated by the term “traveler's check” or by a substantially similar term; and (d) Requires, as a condition to payment, a countersignature by a person whose specimen signature appears on the instrument.

10. “ Certificate of deposit ” means an instrument containing an acknowledgment by a bank that a sum of money has been received by the bank and a promise by the bank to repay the sum of money. A certificate of deposit is a note of the bank.
Nev. Rev. Stat. § 99.030 — NV Code / Title 8 / Chapter 99 / Section 99.030
Obligations, judgments or executions payable in legal money
Status: in_force

After February 15, 1893, all official bonds and undertakings, and all obligations of debt, judgments or executions stated in terms of dollars and to be paid in money shall be payable in legal money authorized by the Congress of the United States.
Nev. Rev. Stat. § 104.3420 — NV Code / Title 8 / Chapter 104 / Section 104.3420
Conversion of instrument
Status: in_force

1. The law applicable to conversion of personal property applies to instruments. An instrument is also converted if it is taken by transfer, other than a negotiation, from a person not entitled to enforce the instrument or a bank makes or obtains payment with respect to the instrument for a person not entitled to enforce the instrument or receive payment. An action for conversion of an instrument may not be brought by the issuer or acceptor of the instrument or a payee or endorsee who did not receive delivery of the instrument either directly or through delivery to an agent or a co-payee.

2. In an action under subsection 1, the measure of liability is presumed to be the amount payable on the instrument, but recovery may not exceed the amount of the plaintiff's interest in the instrument.

3. A representative, other than a depositary bank, who has in good faith dealt with an instrument or its proceeds on behalf of one who was not the person entitled to enforce the instrument is not liable in conversion to that person beyond the amount of any proceeds that it has not paid out.
Nev. Rev. Stat. § 104A.2532 — NV Code / Title 8 / Chapter 104A / Section 104A.2532
Lessor's rights to residual interest
Status: in_force

In addition to any other recovery permitted by this article or other law, the lessor may recover from the lessee an amount that will fully compensate the lessor for any loss of or damage to the lessor's residual interest in the goods caused by the default of the lessee.
Nev. Rev. Stat. § 104.2506 — NV Code / Title 8 / Chapter 104 / Section 104.2506
Rights of financing agency
Status: in_force

1. A financing agency by paying or purchasing for value a draft which relates to a shipment of goods acquires to the extent of the payment or purchase and in addition to its own rights under the draft and any document of title securing it any rights of the shipper in the goods including the right to stop delivery and the shipper's right to have the draft honored by the buyer.

2. The right to reimbursement of a financing agency which has in good faith honored or purchased the draft under commitment to or authority from the buyer is not impaired by subsequent discovery of defects with reference to any relevant document which was apparently regular.
Nev. Rev. Stat. § 99.060 — NV Code / Title 8 / Chapter 99 / Section 99.060
Definitions relating to public securities
Status: in_force

1. As applied to bonds or other securities issued by this state or any political subdivision or municipal or public corporation of this state, “effective interest rate” means the interest rate based on the actual price paid to the public entity, calculated to maturity of the obligation according to standard tables of bond values.

2. When used in a limitation of the rate of interest upon such bonds or other securities, the “Index of Twenty Bonds” and the “Index of Revenue Bonds” refer to these indexes for municipal bonds as most recently published in the daily or weekly version of The Bond Buyer, at One State Street Plaza in New York City.
Nev. Rev. Stat. § 104.9110 — NV Code / Title 8 / Chapter 104 / Section 104.9110
Applicability to security interests arising under Article 2 or 2A
Status: in_force

A security interest arising under NRS 104.2401 , 104.2505, subsection 3 of 104.2711, or subsection 5 of NRS 104A.2508 is subject to this Article. However, until the debtor obtains possession of the goods:

1. The security interest is enforceable, even if paragraph (c) of subsection 2 of NRS 104.9203 has not been satisfied;

2. Filing is not required to perfect the security interest;

3. The rights of the secured party after default by the debtor are governed by Article 2 or 2A; and

4. The security interest has priority over a conflicting security interest created by the debtor.
Nev. Rev. Stat. § 104.2611 — NV Code / Title 8 / Chapter 104 / Section 104.2611
Retraction of anticipatory repudiation
Status: in_force

1. Until the repudiating party's next performance is due the repudiating party can retract his or her repudiation unless the aggrieved party has since the repudiation cancelled or materially changed his or her position or otherwise indicated that he or she considers the repudiation final.

2. Retraction may be by any method which clearly indicates to the aggrieved party that the repudiating party intends to perform, but must include any assurance justifiably demanded under the provisions of this Article ( NRS 104.2609 ).

3. Retraction reinstates the repudiating party's rights under the contract with due excuse and allowance to the aggrieved party for any delay occasioned by the repudiation.
Nev. Rev. Stat. § 104A.2215 — NV Code / Title 8 / Chapter 104A / Section 104A.2215
Cumulation and conflict of warranties express or implied
Status: in_force

Warranties, whether express or implied, must be construed as consistent with each other and as cumulative, but if that construction is unreasonable, the intention of the parties determines which warranty is dominant. In ascertaining that intention the following rules apply:

1. Exact or technical specifications displace an inconsistent sample or model or general language of description.

2. A sample from an existing bulk displaces inconsistent general language of description.

3. Express warranties displace inconsistent implied warranties other than an implied warranty of fitness for a particular purpose.
Nev. Rev. Stat. § 104.9521 — NV Code / Title 8 / Chapter 104 / Section 104.9521
Acceptance of certain written records including initial financing statements by filing office; format of written records
Status: in_force

1. A filing office that accepts written records may not refuse to accept a written initial financing statement submitted on a form prescribed and made available by the Secretary of State, except for a reason set forth in subsection 2 of NRS 104.9516 .

2. A filing office that accepts written records may not refuse to accept a written record submitted on a form prescribed and made available by the Secretary of State, except for a reason set forth in subsection 2 of NRS 104.9516 .

3. A form that a filing office may not refuse to accept under subsection 1 or 2 must conform to the format prescribed for the form by the National Conference of Commissioners on Uniform State Laws.

4. A filing officer may add optional blocks for the address of the secured party or the address of the debtor to any form or record.
Nev. Rev. Stat. § 104.9703 — NV Code / Title 8 / Chapter 104 / Section 104.9703
Security interest perfected before July 1, 2001
Status: in_force

1. A security interest that is enforceable immediately before July 1, 2001, and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this article if, when this article as amended takes effect, the applicable requirements for enforceability and perfection under this article as amended are satisfied without further action.

2. Except as otherwise provided in NRS 104.9705 , if, immediately before July 1, 2001, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under this article as amended are not satisfied on July 1, 2001, the security interest: (a) Is a perfected security interest for 1 year after July 1, 2001; (b) Remains enforceable thereafter only if the security interest becomes enforceable under NRS 104.9203 before the year expires; and (c) Remains perfected thereafter only if the applicable requirements for perfection under this article as amended are satisfied before the year expires.
Nev. Rev. Stat. § 104A.2515 — NV Code / Title 8 / Chapter 104A / Section 104A.2515
Acceptance of goods
Status: in_force

1. Acceptance of goods occurs after the lessee has had a reasonable opportunity to inspect the goods and: (a) The lessee signifies or acts with respect to the goods in a manner that signifies to the lessor or the supplier that the goods are conforming or that the lessee will take or retain them in spite of their nonconformity; or (b) The lessee fails to make an effective rejection of the goods (subsection 2 of NRS 104A.2509 ).

2. Acceptance of a part of any commercial unit is acceptance of that entire unit.
Nev. Rev. Stat. § 104.910701 — NV Code / Title 8 / Chapter 104 / Section 104.910701
Control of controllable electronic record, controllable account or controllable payment intangible
Status: in_force

1. A secured party has control of a controllable electronic record as provided in NRS 104B.12105 .

2. A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the controllable account or controllable payment intangible.
Nev. Rev. Stat. § 104.9310 — NV Code / Title 8 / Chapter 104 / Section 104.9310
When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
Status: in_force

1. Except as otherwise provided in subsection 2 or subsection 2 of NRS 104.9312 , a financing statement must be filed to perfect all security interests and agricultural liens.

2. The filing of a financing statement is not necessary to perfect a security interest: (a) That is perfected under subsection 4, 5, 6 or 7 of NRS 104.9308 ; (b) That is perfected under NRS 104.9309 when it attaches; (c) In property subject to a statute, regulation or treaty described in subsection 1 of NRS 104.9311 ; (d) In goods in possession of a bailee which is perfected under paragraph (a) or (b) of subsection 4 of NRS 104.9312 ; (e) In certificated securities, documents, goods or instruments which is perfected without filing, control or possession under subsection 5, 6 or 7 of NRS 104.9312 ; (f) In collateral in the secured party's possession under NRS 104.9313 ; (g) In a certificated security which is perfected by delivery of the security certificate to the secured party under NRS 104.9313 ; (h) In controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, investment property or letter-of-credit rights which is perfected by control under NRS 104.9314 ; (i) In chattel paper which is perfected by possession and control under NRS 104.931401 ; (j) In proceeds which is perfected under NRS 104.9315 ; or (k) That is perfected under NRS 104.9316 .

3. If a secured party assigns a perfected security interest or agricultural lien, a filing under this Article is not required to reconfirm the perfected status of the security interest against creditors of and transferees from the original debtor.
Nev. Rev. Stat. § 104.2206 — NV Code / Title 8 / Chapter 104 / Section 104.2206
Offer and acceptance in formation of contract
Status: in_force

1. Unless otherwise unambiguously indicated by the language or circumstances: (a) An offer to make a contract shall be construed as inviting acceptance in any manner and by any medium reasonable in the circumstances. (b) An order or other offer to buy goods for prompt or current shipment shall be construed as inviting acceptance either by a prompt promise to ship or by the prompt or current shipment of conforming or nonconforming goods, but such a shipment of nonconforming goods does not constitute an acceptance if the seller seasonably notifies the buyer that the shipment is offered only as an accommodation to the buyer.

2. Where the beginning of a requested performance is a reasonable mode of acceptance an offeror who is not notified of acceptance within a reasonable time may treat the offer as having lapsed before acceptance.
Nev. Rev. Stat. § 104.3410 — NV Code / Title 8 / Chapter 104 / Section 104.3410
Acceptance varying draft
Status: in_force

1. If the terms of a drawee's acceptance vary from the terms of the draft as presented, the holder may refuse the acceptance and treat the draft as dishonored. In that case, the drawee may cancel the acceptance.

2. The terms of a draft are not varied by an acceptance to pay at a particular bank or place in the United States, unless the acceptance states that the draft is to be paid only at that bank or place.

3. If the holder assents to an acceptance varying the terms of a draft, the obligation of each drawer and endorser that does not expressly assent to the acceptance is discharged.
Nev. Rev. Stat. § 100.085 — NV Code / Title 8 / Chapter 100 / Section 100.085
Deposits in names of two or more persons; fact that account held in joint tenancy does not preclude person named on account from committing or being prosecuted for exploitation
Status: in_force

1. When a deposit has been made in the name of the depositor and one or more other persons, and in a form intended to be paid or delivered to any one of them, or the survivor or survivors of them, the deposit is the property of the persons as joint tenants. If an account is intended to be held in joint tenancy, the account or proceeds from the account are owned by the persons named, and may be paid or delivered to any of them during the lifetime of all, or to the survivor or survivors of them after the death of less than all of the tenants, or the last of them to survive, and payment or delivery is a valid and sufficient release and discharge of the depository.

2. The making of a deposit in the form of a joint tenancy vests title to the deposit in the survivor or survivors.

3. When a deposit has been made in the name of the depositor and one or more other persons, and in a form to be paid or delivered to the survivor or survivors of them, but one or more of the other persons is not authorized to withdraw from the deposit during the life of the depositor or depositors, the person or persons so restricted have no present interest in the deposit, but upon the death of the last depositor entitled to withdraw, the deposit is presumed to belong to the survivor or survivors. Unless written notice of a claim against the deposit has been given by a survivor or a third person before payment or delivery, payment or delivery to a survivor is a valid and sufficient release and discharge of the depository.

4. For the purposes of this section, unless a depositor specifically provides otherwise, the use by the depositor of any of the following words or terms in designating the ownership of an account indicates the intent of the depositor that the account be held in joint tenancy: (a) Joint; (b) Joint account; (c) Jointly held; (d) Joint tenants; (e) Joint tenancy; or (f) Joint tenants with right of survivorship.

5. As set forth in NRS 200.50957 , the mere fact that an account of an older person or a vulnerable person is held in joint tenancy pursuant to this section does not, in and of itself, convey to all persons named on the account legal ownership of the account and the deposits and proceeds of the account in a manner that would preclude such a person from committing or being prosecuted for exploitation involving the control or conversion of any deposits or proceeds of the account if the facts and circumstances demonstrate that exploitation has occurred, regardless of whether the intent to commit exploitation arose before, during or after the creation of the account.

6. As used in this section: (a) “ Exploitation ” has the meaning ascribed to it in NRS 200.5092 . (b) “ Older person ” has the meaning ascribed to it in NRS 200.5092 . (c) “ Vulnerable person ” has the meaning ascribed to in NRS 200.5092 .
Nev. Rev. Stat. § 104.7205 — NV Code / Title 8 / Chapter 104 / Section 104.7205
Revised Statutes Title under warehouse receipt defeated in certain cases
Status: in_force

A buyer in the ordinary course of business of fungible goods sold and delivered by a warehouse that is also in the business of buying and selling such goods takes the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.
Nev. Rev. Stat. § 104.2715 — NV Code / Title 8 / Chapter 104 / Section 104.2715
Buyer's incidental and consequential damages
Status: in_force

1. Incidental damages resulting from the seller's breach include expenses reasonably incurred in inspection, receipt, transportation and care and custody of goods rightfully rejected, any commercially reasonable charges, expenses or commissions in connection with effecting cover and any other reasonable expense incident to the delay or other breach.

2. Consequential damages resulting from the seller's breach include: (a) Any loss resulting from general or particular requirements and needs of which the seller at the time of contracting had reason to know and which could not reasonably be prevented by cover or otherwise; and (b) Injury to person or property proximately resulting from any breach of warranty.
Nev. Rev. Stat. § 97.304 — NV Code / Title 8 / Chapter 97 / Section 97.304
Enforceability of default on part of buyer
Status: in_force

Notwithstanding the provisions of any contract to the contrary, default on the part of the buyer is only enforceable to the extent that:

1. The buyer fails to make a payment as required by the agreement; or

2. The prospect of payment, performance or realization of collateral is significantly impaired. The burden of establishing the prospect of significant impairment is on the seller.
Nev. Rev. Stat. § 104A.2531 — NV Code / Title 8 / Chapter 104A / Section 104A.2531
Standing to sue third parties for injury to goods
Status: in_force

1. If a third party so deals with goods that have been identified to a lease contract as to cause actionable injury to a party to the lease contract: (a) The lessor has a right of action against the third party; and (b) The lessee also has a right of action against the third party if the lessee: (1) Has a security interest in the goods; (2) Has an insurable interest in the goods; or (3) Bears the risk of loss under the lease contract or has since the injury assumed that risk as against the lessor and the goods have been converted or destroyed.

2. If at the time of the injury the party plaintiff did not bear the risk of loss as against the other party to the lease contract and there is no arrangement between them for disposition of the recovery, the party plaintiff’s suit or settlement, subject to his or her own interest, is as a fiduciary for the other party to the lease contract.

3. Either party with the consent of the other may sue for the benefit of whom it may concern.
Nev. Rev. Stat. § 104.9618 — NV Code / Title 8 / Chapter 104 / Section 104.9618
Rights and duties of certain secondary obligors
Status: in_force

1. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor: (a) Receives an assignment of a secured obligation from the secured party; (b) Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or (c) Is subrogated to the rights of a secured party with respect to collateral.

2. An assignment, transfer or subrogation described in subsection 1: (a) Is not a disposition of collateral under NRS 104.9610 ; and (b) Relieves the secured party of further duties under this article.
Nev. Rev. Stat. § 104.9407 — NV Code / Title 8 / Chapter 104 / Section 104.9407
Restrictions on assignment, transfer, creation or enforcement of security interest in leasehold interest or in lessor's residual interest
Status: in_force

1. Except as otherwise provided in subsection 2, a term in a lease agreement is ineffective to the extent that it: (a) Prohibits, restricts, or requires the consent of a party to the lease to the assignment or transfer, or the creation, attachment, perfection, or enforcement of a security interest in an interest of a party under the lease contract or in the lessor's residual interest in the goods; or (b) Provides that the assignment or transfer, or the creation, attachment, perfection, or enforcement of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination or remedy under the lease.

2. Except as otherwise provided in subsection 7 of NRS 104A.2303 , a term described in paragraph (b) of subsection 1 is effective to the extent that there is: (a) A transfer by the lessee of the lessee's right of possession or use of the goods in violation of the term; or (b) A delegation of a material performance of either party to the lease contract in violation of the term.

3. The creation, attachment, perfection, or enforcement of a security interest in the lessor's interest under the lease contract or the lessor's residual interest in the goods is not a transfer that materially impairs the lessee's prospect of obtaining return performance or materially changes the duty of or materially increases the burden or risk imposed on the lessee within the purview of subsection 4 of NRS 104A.2303 unless, and then only to the extent that, enforcement results in a delegation of a material performance of the lessor. Even in that event, the creation, attachment, perfection and enforcement of the security interest remain effective.
Nev. Rev. Stat. § 104.9611 — NV Code / Title 8 / Chapter 104 / Section 104.9611
Notification before disposition of collateral
Status: in_force

1. In this section, “ notification date ” means the earlier of the date on which: (a) A secured party sends to the debtor and any secondary obligor a signed notification of disposition; or (b) The debtor and any secondary obligor waive the right to notification.

2. Except as otherwise provided in subsection 4, a secured party that disposes of collateral under NRS 104.9610 shall send to the persons specified in subsection 3 a reasonable signed notification of disposition.

3. To comply with subsection 2, the secured party shall send a signed notification of disposition to: (a) The debtor; (b) Any secondary obligor; and (c) If the collateral is other than consumer goods: (1) Any other person from which the secured party has received, before the notification date, a signed notification of a claim of an interest in the collateral; (2) Any other secured party or lienholder that, 10 days before the notification date, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that: (I) Identified the collateral; (II) Was indexed under the debtor's name as of that date; and (III) Was filed in the office in which to file a financing statement against the debtor covering the collateral as of that date; and (3) Any other secured party that, 10 days before the notification date, held a security interest in the collateral perfected by compliance with a statute, regulation or treaty described in subsection 1 of NRS 104.9311 .

4. Subsection 2 does not apply if the collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market.

5. A secured party complies with the requirement for notification prescribed by subparagraph (2) of paragraph (c) of subsection 3 if: (a) Not later than 20 days or earlier than 30 days before the notification date, the secured party requests, in a commercially reasonable manner, information concerning financing statements indexed under the debtor's name in the office indicated in that subparagraph; and (b) Before the notification date, the secured party: (1) Did not receive a response to the request for information; or (2) Received a response to the request for information and sent a signed notification of disposition to each secured party or other lienholder named in that response whose financing statement covered the collateral.
Nev. Rev. Stat. § 97A.100 — NV Code / Title 8 / Chapter 97A / Section 97A.100
“Issuer” defined
Status: in_force

“Issuer” means a financial institution, or an authorized agent of a financial institution, that issues a credit card.
Nev. Rev. Stat. § 104.2514 — NV Code / Title 8 / Chapter 104 / Section 104.2514
When documents deliverable on acceptance; when on payment
Status: in_force

Unless otherwise agreed documents against which a draft is drawn are to be delivered to the drawee on acceptance of the draft if it is payable more than 3 days after presentment; otherwise, only on payment.
Nev. Rev. Stat. § 104A.4203 — NV Code / Title 8 / Chapter 104A / Section 104A.4203
Unenforceability of certain verified payment orders
Status: in_force

1. If an accepted payment order is not, under subsection 1 of NRS 104A.4202 , an authorized order of a customer identified as sender, but is effective as an order of the customer pursuant to subsection 2 of NRS 104A.4202 , the following rules apply: (a) By express agreement evidenced by a record, the receiving bank may limit the extent to which it is entitled to enforce or retain payment of the payment order. (b) The receiving bank is not entitled to enforce or retain payment of the payment order if the customer proves that the order was not caused, directly or indirectly, by a person: (1) Entrusted at any time with duties to act for the customer with respect to payment orders or the security procedure; or (2) Who obtained access to transmitting facilities of the customer or who obtained, from a source controlled by the customer and without authority of the receiving bank, information facilitating breach of the security procedure, regardless of how the information was obtained or whether the customer was at fault. Information includes any access device, computer software, or the like.

2. This section applies to amendments of payment orders to the same extent it applies to payment orders.
Nev. Rev. Stat. § 104.932601 — NV Code / Title 8 / Chapter 104 / Section 104.932601
Priority of security interest in controllable account, controllable electronic record and controllable payment intangible
Status: in_force

A security interest in a controllable account, controllable electronic record or controllable payment intangible held by a secured party having control of the account, electronic record or payment intangible has priority over a conflicting security interest held by a secured party that does not have control.
Nev. Rev. Stat. § 104.4111 — NV Code / Title 8 / Chapter 104 / Section 104.4111
Statute of limitations
Status: in_force

An action to enforce an obligation, duty or right arising under this article must be commenced within three years after the cause of action accrues.
Nev. Rev. Stat. § 104.2710 — NV Code / Title 8 / Chapter 104 / Section 104.2710
Seller's incidental damages
Status: in_force

Incidental damages to an aggrieved seller include any commercially reasonable charges, expenses or commissions incurred in stopping delivery, in the transportation, care and custody of goods after the buyer's breach, in connection with return or resale of the goods or otherwise resulting from the breach.
Nev. Rev. Stat. § 104.9520 — NV Code / Title 8 / Chapter 104 / Section 104.9520
Acceptance and refusal to accept record
Status: in_force

1. A filing office shall refuse to accept a record for filing for a reason set forth in subsection 2 of NRS 104.9516 and may refuse to accept a record for filing only for a reason set forth in that subsection.

2. If a filing office refuses to accept a record for filing, it shall communicate to the person that presented the record the fact of and reason for the refusal and the date and time the record would have been filed had the filing office accepted it. The communication must be made within a reasonable time and in the manner prescribed by filing-office rule.

3. A filed financing statement satisfying subsections 1 and 2 of NRS 104.9502 is effective, even if the filing office is required to refuse to accept it for filing under subsection 1. However, NRS 104.9338 applies to a filed financing statement providing information described in paragraph (e) of subsection 2 of NRS 104.9516 which is incorrect at the time the financing statement is filed.

4. If a record communicated to a filing office provides information that relates to more than one debtor, this part applies to each debtor separately.
Nev. Rev. Stat. § 104.2103 — NV Code / Title 8 / Chapter 104 / Section 104.2103
Definitions and index of definitions
Status: in_force

1. In this Article unless the context otherwise requires: (a) “ Buyer ” means a person who buys or contracts to buy goods. (b) “ Receipt ” of goods means taking physical possession of them. (c) “ Seller ” means a person who sells or contracts to sell goods.

2. Other definitions applying to this Article or to specified parts thereof, and the sections in which they appear are: “Acceptance.” NRS 104.2606 . “Banker's credit.” NRS 104.2325 . “Between merchants.” NRS 104.2104 . “Cancellation.” Subsection 4 of NRS 104.2106 . “Commercial unit.” NRS 104.2105 . “Confirmed credit.” NRS 104.2325 . “Conforming to contract.” NRS 104.2106 . “Contract for sale.” NRS 104.2106 . “Cover.” NRS 104.2712 . “Entrusting.” NRS 104.2403 . “Financing agency.” NRS 104.2104 . “Future goods.” NRS 104.2105 . “Goods.” NRS 104.2105 . “Identification.” NRS 104.2501 . “Installment contract.” NRS 104.2612 . “Letter of credit.” NRS 104.2325 . “Lot.” NRS 104.2105 . “Merchant.” NRS 104.2104 . “Overseas.” NRS 104.2323 . “Person in position of seller.” NRS 104.2707 . “Present sale.” NRS 104.2106 . “Sale.” NRS 104.2106 . “Sale on approval.” NRS 104.2326 . “Sale or return.” NRS 104.2326 . “Termination.” NRS 104.2106 .

3. “Control” as provided in NRS 104.7106 and the following definitions in other Articles apply to this Article: “Check.” NRS 104.3104 . “Consignee.” NRS 104.7102 . “Consignor.” NRS 104.7102 . “Consumer goods.” NRS 104.9102 . “Draft.” NRS 104.3104 .

4. In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.
Nev. Rev. Stat. § 104.2723 — NV Code / Title 8 / Chapter 104 / Section 104.2723
Proof of market price: Time and place
Status: in_force

1. If an action based on anticipatory repudiation comes to trial before the time for performance with respect to some or all of the goods, any damages based on market price ( NRS 104.2708 or 104.2713 ) shall be determined according to the price of such goods prevailing at the time when the aggrieved party learned of the repudiation.

2. If evidence of a price prevailing at the times or places described in this Article is not readily available the price prevailing within any reasonable time before or after the time described or at any other place 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 cost of transporting the goods to or from such other place.

3. Evidence of a relevant price prevailing at a time or place 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 such notice as the court finds sufficient to prevent unfair surprise.
Nev. Rev. Stat. § 104.9714 — NV Code / Title 8 / Chapter 104 / Section 104.9714
When initial financing statement suffices to continue effectiveness of financing statement filed before July 1, 2013
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, 2013, 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; 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, 2013, for the period provided in NRS 104.9515 , as it existed before July 1, 2013, with respect to an initial financing statement; and (b) If the initial financing statement is filed on or after July 1, 2013, 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. § 104A.2506 — NV Code / Title 8 / Chapter 104A / Section 104A.2506
Statute of limitations
Status: in_force

1. An action for default under a lease contract, including breach of warranty or indemnity, must be commenced within 4 years after the cause of action accrued. In a lease that is not a consumer lease, by the original lease contract the parties may reduce the period of limitation to not less than one year.

2. A cause of action for default accrues when the act or omission on which the default or breach of warranty is based is or should have been discovered by the aggrieved party, or when the default occurs, whichever is later. A cause of action for indemnity accrues when the act or omission on which the claim for indemnity is based is or should have been discovered by the indemnified party, whichever is later.

3. If an action commenced within the time limited by subsection 1 is so terminated as to leave available a remedy by another action for the same default or breach of warranty or indemnity, the other action may be commenced after the expiration of the time limited and within 6 months after the termination of the first action unless the termination resulted from voluntary discontinuance or from dismissal for failure or neglect to prosecute.

4. This section does not alter the law on tolling of the statute of limitations nor does it apply to causes of action that have accrued before January 1, 1990.
Nev. Rev. Stat. § 104A.2202 — NV Code / Title 8 / Chapter 104A / Section 104A.2202
Final expression: Parol or extrinsic evidence
Status: in_force

Terms with respect to which the confirmatory memoranda of the parties agree or which are otherwise set forth in a record intended by the parties as a final expression of their agreement with respect to such terms as are included therein may not be contradicted by evidence of any prior agreement or of a contemporaneous oral agreement but may be explained or supplemented:

1. By course of dealing or usage of trade or by course of performance; and

2. By evidence of consistent additional terms, unless the court finds the record to have been intended also as a complete and exclusive statement of the terms of the agreement.
Nev. Rev. Stat. § 104.9315 — NV Code / Title 8 / Chapter 104 / Section 104.9315
Secured party's rights on disposition of collateral and in proceeds
Status: in_force

1. Except as otherwise provided in this article and in subsection 2 of NRS 104.2403 : (a) A security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange or other disposition thereof unless the secured party authorized the disposition free of the security interest or agricultural lien; and (b) A security interest attaches to any identifiable proceeds of collateral.

2. Proceeds that are commingled with other property are identifiable proceeds: (a) If the proceeds are goods, to the extent provided by NRS 104.9336 ; and (b) If the proceeds are not goods, to the extent that the secured party identifies the proceeds by a method of tracing, including application of equitable principles, that is permitted under law other than this article with respect to commingled property of the type involved.

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

4. A perfected security interest in proceeds becomes unperfected on the 21st day after the security interest attaches to the proceeds unless: (a) The following conditions are satisfied: (1) A filed financing statement covers the original collateral; (2) The proceeds are collateral in which a security interest may be perfected by filing in the office in which the financing statement has been filed; and (3) The proceeds are not acquired with cash proceeds; (b) The proceeds are identifiable cash proceeds; or (c) The security interest in the proceeds is perfected when the security interest attaches to the proceeds or within 20 days thereafter.

5. If a filed financing statement covers the original collateral, a security interest in proceeds which remains perfected under paragraph (a) of subsection 4 becomes unperfected at the later of: (a) When the effectiveness of the filed financing statement lapses under NRS 104.9515 or is terminated under NRS 104.9513 ; or (b) The 21st day after the security interest attaches to the proceeds.
Nev. Rev. Stat. § 104A.2508 — NV Code / Title 8 / Chapter 104A / Section 104A.2508
Lessee's remedies
Status: in_force

1. If a lessor fails to deliver the goods in conformity to the lease contract ( NRS 104A.2509 ) or repudiates the lease contract ( NRS 104A.2402 ), or a lessee rightfully rejects the goods ( NRS 104A.2509 ) or justifiably revokes acceptance of the goods ( NRS 104A.2517 ), then with respect to any goods involved, and with respect to all of the goods if under an installment lease contract the value of the whole lease contract is substantially impaired ( NRS 104A.2510 ), the lessor is in default under the lease contract and the lessee may: (a) Cancel the lease contract (subsection 1 of NRS 104A.2505 ); (b) Recover so much of the rent and security as has been paid and is just under the circumstances; (c) Cover and recover damages as to all goods affected whether or not they have been identified to the lease contract ( NRS 104A.2518 and 104A.2520 ), or recover damages for nondelivery ( NRS 104A.2519 and 104A.2520 ); and (d) Exercise any other rights or pursue any other remedies provided in the lease contract.

2. If a lessor fails to deliver the goods in conformity to the lease contract or repudiates the lease contract, the lessee may also: (a) If the goods have been identified, recover them ( NRS 104A.2522 ); or (b) In a proper case, obtain specific performance or replevy the goods ( NRS 104A.2521 ).

3. If a lessor is otherwise in default under a lease contract, the lessee may exercise the rights and pursue the remedies provided in the lease contract, which may include a right to cancel the lease, and in subsection 3 of NRS 104A.2519 .

4. If a lessor has breached a warranty, whether express or implied, the lessee may recover damages (subsection 4 of NRS 104A.2519 ).

5. On rightful rejection or justifiable revocation of acceptance, a lessee has a security interest in goods in the lessee's possession or control for any rent and security that has been paid and any expenses reasonably incurred in their inspection, receipt, transportation and care and custody and may hold those goods and dispose of them in good faith and in a commercially reasonable manner, subject to the provisions of subsection 5 of NRS 104A.2527 .

6. Subject to the provisions of NRS 104A.2407 , a lessee, on notifying the lessor of the lessee's intention to do so, may deduct all or any part of the damages resulting from any default under the lease contract from any part of the rent still due under the same lease contract.
Nev. Rev. Stat. § 104.2703 — NV Code / Title 8 / Chapter 104 / Section 104.2703
Seller's remedies in general
Status: in_force

Where the buyer wrongfully rejects or revokes acceptance of goods or fails to make a payment due on or before delivery or repudiates with respect to a part or the whole, then with respect to any goods directly affected and, if the breach is of the whole contract ( NRS 104.2612 ), then also with respect to the whole undelivered balance, the aggrieved seller may:

1. Withhold delivery of such goods.

2. Stop delivery by any bailee as hereafter provided ( NRS 104.2705 ).

3. Proceed under the next section respecting goods still unidentified to the contract.

4. Resell and recover damages as hereafter provided ( NRS 104.2706 ).

5. Recover damages for nonacceptance ( NRS 104.2708 ) or in a proper case the price ( NRS 104.2709 ).

6. Cancel.
Nev. Rev. Stat. § 104.9404 — NV Code / Title 8 / Chapter 104 / Section 104.9404
Rights acquired by assignee; claims and defenses against assignee
Status: in_force

1. Unless an account debtor has made an enforceable agreement not to assert defenses or claims, and subject to subsections 2 to 5, inclusive, the rights of an assignee are subject to: (a) All terms of the agreement between the account debtor and assignor and any defense or claim in recoupment arising from the transaction that gave rise to the contract; and (b) Any other defense or claim of the account debtor against the assignor which accrues before the account debtor receives a notification of the assignment signed by the assignor or the assignee.

2. Subject to subsection 3 and except as otherwise provided in subsection 4, the claim of an account debtor against an assignor may be asserted against an assignee under subsection 1 only to reduce the amount the account debtor owes.

3. This section is subject to law other than this article which establishes a different rule for an account debtor who is a natural person and who incurred the obligation primarily for personal, family or household purposes.

4. In a consumer transaction, if a record evidences the account debtor's obligation, law other than this article requires that the record include a statement to the effect that the account debtor's recovery against an assignee with respect to claims and defenses against the assignor may not exceed amounts paid by the account debtor under the record, and the record does not include such a statement, the extent to which a claim of an account debtor against the assignor may be asserted against an assignee is determined as if the record included such a statement.

5. This section does not apply to an assignment of a health-care-insurance receivable.
Nev. Rev. Stat. § 104.9107 — NV Code / Title 8 / Chapter 104 / Section 104.9107
Control of letter-of-credit right
Status: in_force

A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under subsection 3 of NRS 104.5114 or otherwise applicable law or practice.
Nev. Rev. Stat. § 104.4210 — NV Code / Title 8 / Chapter 104 / Section 104.4210
Security interest of collecting bank in items, accompanying documents and proceeds
Status: in_force

1. A collecting bank has a security interest in an item and any accompanying documents or the proceeds of either: (a) In case of an item deposited in an account to the extent to which credit given for the item has been withdrawn or applied; (b) In case of an item for which it has given credit available for withdrawal as of right, to the extent of the credit given, whether or not the credit is drawn upon or there is a right of charge-back; or (c) If it makes an advance on or against the item.

2. If credit given for several items received at one time or pursuant to a single agreement is withdrawn or applied in part the security interest remains upon all the items, any accompanying documents or the proceeds of either. For the purpose of this section, credits first given are first withdrawn.

3. Receipt by a collecting bank of a final settlement for an item is a realization on its security interest in the item, accompanying documents, and proceeds. To the extent and so long as the bank does not receive final settlement for the item or give up possession of the item or possession or control of the accompanying documents for purposes other than collection, the security interest continues and is subject to the provisions of Article 9 except that: (a) No security agreement is necessary to make the security interest enforceable (subparagraph (1) of paragraph (c) of subsection 2 of NRS 104.9203 ); (b) No filing is required to perfect the security interest; and (c) The security interest has priority over conflicting perfected security interests in the item, accompanying documents, or proceeds.
Nev. Rev. Stat. § 104.2201 — NV Code / Title 8 / Chapter 104 / Section 104.2201
Formal requirements; statute of frauds
Status: in_force

1. Except as otherwise provided in this section a contract for the sale of goods for the price of $500 or more is not enforceable by way of action or defense unless there is a record sufficient to indicate that a contract for sale has been made between the parties and signed by the party against whom enforcement is sought or by the party's authorized agent or broker. A record is not insufficient because it omits or incorrectly states a term agreed upon but the contract is not enforceable under this subsection beyond the quantity of goods shown in the record.

2. Between merchants if within a reasonable time a record in confirmation of the contract and sufficient against the sender is received and the party receiving it has reason to know its contents, it satisfies the requirements of subsection 1 against the party unless notice in a record of objection to its contents is given within 10 days after it is received.

3. A contract which 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 for the buyer and are not suitable for sale to others in the ordinary course of the seller's business and the seller, before notice of repudiation is received and under circumstances which reasonably indicate that the goods are for the buyer, has made either a substantial beginning of their manufacture or commitments for their procurement; or (b) If the party against whom enforcement is sought admits in his or her pleading, testimony or otherwise in court that a contract for sale was made, but the contract is not enforceable under this provision beyond the quantity of goods admitted; or (c) With respect to goods for which payment has been made and accepted or which have been received and accepted ( NRS 104.2606 ).
Nev. Rev. Stat. § 97.135 — NV Code / Title 8 / Chapter 97 / Section 97.135
“Services” defined
Status: in_force

“Services” means work, labor or services of any kind when purchased primarily for personal, family or household use and not for commercial or business use whether or not furnished in connection with the delivery, installation, servicing, repair or improvement of goods, and includes repairs, alterations or improvements upon or in connection with real property, but does not include services for which the price charged is required by law to be determined or approved by or to be filed, subject to approval or disapproval, with the United States or any state, or any department, division, agency, officer or official of either as in the case of transportation services.
Nev. Rev. Stat. § 104A.2219 — NV Code / Title 8 / Chapter 104A / Section 104A.2219
Risk of loss
Status: in_force

1. Except in the case of a finance lease, risk of loss is retained by the lessor and does not pass to the lessee. In the case of a finance lease, risk of loss passes to the lessee.

2. Subject to the provisions of this Article on the effect of default on risk of loss ( NRS 104A.2220 ), if risk of loss is to pass to the lessee and the time of passage is not stated, the following rules apply: (a) If the lease contract requires or authorizes the goods to be shipped by carrier and it does not require delivery at a particular destination, the risk of loss passes to the lessee when the goods are duly delivered to the carrier, but if it does require delivery at a particular destination and the goods are there duly tendered while in the possession of the carrier, the risk of loss passes to the lessee when the goods are there duly so tendered as to enable the lessee to take delivery. (b) If the goods are held by a bailee to be delivered without being moved, the risk of loss passes to the lessee on acknowledgment by the bailee of the lessee's right to possession of the goods. (c) In any case not within paragraph (a) or (b), the risk of loss passes to the lessee on the lessee's receipt of the goods if the lessor, or, in the case of a finance lease, the supplier, is a merchant; otherwise the risk passes to the lessee on tender of delivery.
Nev. Rev. Stat. § 104A.2104 — NV Code / Title 8 / Chapter 104A / Section 104A.2104
Leases subject to other law
Status: in_force

1. A lease, although subject to this Article, is also subject to any applicable: (a) Certificate of title statute of this State, including any applicable provision of chapters 482, 488, 489 and 490 of NRS; (b) Certificate of title statute of another jurisdiction ( NRS 104A.2105 ); or (c) Consumer protection statute of this State, including any applicable provision of NRS 97.297 , 97.299 , 97.301 and 100.095 to 100.180 , inclusive, and a final decision of a court of this State concerning the protection of consumers rendered before January 1, 1990.

2. In case of conflict between this Article, other than NRS 104A.2105, subsection 3 of NRS 104A.2304 and subsection 3 of NRS 104A.2305 , and a statute or decision referred to in subsection 1, the statute or decision controls.

3. Failure to comply with an applicable law has only the effect specified therein.
Nev. Rev. Stat. § 104.2106 — NV Code / Title 8 / Chapter 104 / Section 104.2106
Definitions: “Contract”; “agreement”; “contract for sale”; “sale”; “present sale”; “conforming” to contract; “termination”; “cancellation”; “hybrid transaction”
Status: in_force

1. In this article unless the context otherwise requires “ contract ” and “ agreement ” are limited to those relating to the present or future sale of goods. “ Contract for sale ” includes both a present sale of goods and a contract to sell goods at a future time. A “ sale ” consists in the passing of title from the seller to the buyer for a price ( NRS 104.2401 ). A “ present sale ” means a sale which is accomplished by the making of the contract.

2. Goods or conduct including any part of a performance are “ conforming ” or conform to the contract when they are in accordance with the obligations under the contract.

3. “ Termination ” occurs when either party pursuant to a power created by agreement or law puts an end to the contract otherwise than for its breach. On “termination” all obligations which are still executory on both sides are discharged but any right based on prior breach or performance survives.

4. “ Cancellation ” occurs when either party puts an end to the contract for breach by the other and its effect is the same as that of “termination” except that the cancelling party also retains any remedy for breach of the whole contract or any unperformed balance.

5. “ Hybrid transaction ” means a single transaction involving a sale of goods and: (a) The provision of services; (b) A lease of other goods; or (c) A sale, lease or license of property other than goods.
Nev. Rev. Stat. § 104.9502 — NV Code / Title 8 / Chapter 104 / Section 104.9502
Contents of financing statement; record of mortgage as financing statement; time of filing financing statement
Status: in_force

1. Subject to subsection 2, a financing statement is sufficient only if it: (a) Provides the name of the debtor; (b) Provides the name of the secured party or a representative of the secured party; and (c) Indicates the collateral covered by the financing statement.

2. Except as otherwise provided in subsection 2 of NRS 104.9501 , to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or which is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy subsection 1 and also: (a) Indicate that it covers this type of collateral; (b) Indicate that it is to be filed for record in the real property records; (c) Provide a description of the real property to which the collateral is related sufficient to give constructive notice of the mortgage under the law of this State if the description were contained in a mortgage of the real property; and (d) If the debtor does not have an interest of record in the real property, provide the name of a record owner.

3. A record of a mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if: (a) The record indicates the goods or accounts that it covers; (b) The goods are or are to become fixtures related to the real property described in the mortgage or the collateral is related to the real property described in the mortgage and is as-extracted collateral or timber to be cut; (c) The record satisfies the requirements for a financing statement in this section but: (1) The record need not indicate that it is to be filed in the real property records; and (2) The record sufficiently provides the name of a debtor who is a natural person if it provides the individual name of the debtor or the surname and first personal name of the debtor, even if the debtor is a natural person to whom paragraph (d) of subsection 1 of NRS 104.9503 applies; and (d) The mortgage is recorded.

4. A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.
Nev. Rev. Stat. § 97.175 — NV Code / Title 8 / Chapter 97 / Section 97.175
Seller to provide certain creditor disclosures to buyer
Status: in_force

1. Before any credit is extended, the retail seller shall provide to the retail buyer any disclosures required to be made by a creditor pursuant to 15 U.S.C. § 1638 .

2. Until the seller provides the required disclosures pursuant to subsection 1, the buyer is obligated to pay only the cash sales price.

3. Any acknowledgment by the buyer of delivery of a copy of the contract must be in a size equal to at least 10-point bold type and, if contained in the contract, must appear directly above the buyer's signature.
Nev. Rev. Stat. § 104.2324 — NV Code / Title 8 / Chapter 104 / Section 104.2324
“No arrival, no sale” term
Status: in_force

Under a term “no arrival, no sale” or terms of like meaning, unless otherwise agreed:

1. The seller must properly ship conforming goods and if they arrive by any means the seller must tender them on arrival but the seller assumes no obligation that the goods will arrive unless the seller has caused the nonarrival; and

2. Where without fault of the seller the goods are in part lost or have so deteriorated as no longer to conform to the contract or arrive after the contract time, the buyer may proceed as if there had been casualty to identified goods ( NRS 104.2613 ).
Nev. Rev. Stat. § 104.9507 — NV Code / Title 8 / Chapter 104 / Section 104.9507
Effect of certain events on effectiveness of financing statement
Status: in_force

1. A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.

2. Except as otherwise provided in subsection 3 and NRS 104.9508 , a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under NRS 104.9506 .

3. If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under subsection 1 of NRS 104.9503 so that the financing statement becomes seriously misleading under NRS 104.9506 : (a) The financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within 4 months after, the filed financing statement becomes seriously misleading; and (b) The financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than 4 months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within 4 months after the financing statement became seriously misleading.
Nev. Rev. Stat. § 104B.12102 — NV Code / Title 8 / Chapter 104B / Section 104B.12102
Definitions
Status: in_force

1. In this Article: (a) “ Controllable electronic record ” means a record stored in an electronic medium that can be subjected to control under NRS 104B.12105 . The term does not include a controllable account, a controllable payment intangible, a deposit account, an electronic copy of a record evidencing chattel paper, an electronic document of title, investment property, a transferable record or an electronic record that is currently authorized or adopted by a domestic or foreign government and is not a medium of exchange that was recorded and transferable in a system that existed and operated for the medium of exchange before the medium of exchange was authorized or adopted by a government. (b) “ Qualifying purchaser ” means a purchaser of a controllable electronic record or an interest in a controllable electronic record that obtains control of the controllable electronic record for value, in good faith, and without notice of a claim of a property right in the controllable electronic record. (c) “ Transferable record ” has the meaning provided for that term in: (1) Section 201(a)(1) of the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7021(a)(1) , as amended; or (2) Subsection 1 of NRS 719.330 . (d) “ Value ” has the meaning provided in subsection 1 of NRS 104.3303 , as if references in that subsection to an “instrument” were references to a controllable account, controllable electronic record or controllable payment intangible.

2. The following definitions in Article 9 apply to this Article: “Account debtor.” NRS 104.9102 . “Chattel paper.” NRS 104.9102 . “Controllable account.” NRS 104.9102 . “Controllable payment intangible.” NRS 104.9102 . “Deposit account.” NRS 104.9102 . “Investment property.” NRS 104.9102 .

3. Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.
Nev. Rev. Stat. § 104A.2302 — NV Code / Title 8 / Chapter 104A / Section 104A.2302
Revised Statutes Title to and possession of goods
Status: in_force

Except as otherwise provided in this article, each provision of this article applies whether the lessor or a third party has title to the goods, and whether the lessor, the lessee or a third party has possession of the goods, notwithstanding any statute or rule of law that possession or the absence of possession is fraudulent.
Nev. Rev. Stat. § 104.9332 — NV Code / Title 8 / Chapter 104 / Section 104.9332
Effect of transfer of money; effect of transfer of funds from deposit account
Status: in_force

1. A transferee of money takes the money free of a security interest if the transferee receives possession of the money without acting in collusion with the debtor in violating the rights of the secured party.

2. A transferee of funds from a deposit account takes the funds free of a security interest in the deposit account if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.
Nev. Rev. Stat. § 104A.4206 — NV Code / Title 8 / Chapter 104A / Section 104A.4206
Transmission of payment order through funds-transfer or other communication system
Status: in_force

1. If a payment order addressed to a receiving bank is transmitted to a funds-transfer system or other third-party communication system for transmittal to the bank, the system is deemed to be an agent of the sender for the purpose of transmitting the payment order to the bank. If there is a discrepancy between the terms of the payment order transmitted to the system and the terms of the payment order transmitted by the system to the bank, the terms of the payment order of the sender are those transmitted by the system. This section does not apply to a funds-transfer system of the Federal Reserve banks.

2. This section applies to cancellations and amendments of payment orders to the same extent it applies to payment orders.
Nev. Rev. Stat. § 97.017 — NV Code / Title 8 / Chapter 97 / Section 97.017
“Amount financed” defined
Status: in_force

“Amount financed” means the cash sale price of the goods or services which are the subject matter of a retail installment contract less the amount of the buyer's down payment in money or goods or both, plus the amounts, if any, included therein, if a separate identified charge is made therefor and stated in the contract, for insurance and official fees.
Nev. Rev. Stat. § 97.225 — NV Code / Title 8 / Chapter 97 / Section 97.225
Prepayment of unpaid total of payments; refund
Status: in_force

1. Notwithstanding the provisions of any retail installment contract to the contrary, if the rights of the buyer have not been terminated or forfeited under the terms of the contract, the buyer may prepay in full the unpaid total of payments thereof at any time before its final due date and, if the buyer does so, and if the contract is not in default under any term or condition of the contract more than 2 months, the buyer is entitled to a refund of the unearned portion of the finance charge for the prepayment. The amount of the refund must be computed by applying the agreed rate of the finance charge to the unpaid total of payments. Any greater amount of the finance charge which may have been precomputed and included in the balance due must be refunded.

2. This section does not preclude the imposition of any penalty for prepayment to which the parties may agree when the contract is executed.
Nev. Rev. Stat. § 104.9204 — NV Code / Title 8 / Chapter 104 / Section 104.9204
After-acquired property; future advances
Status: in_force

1. Except as otherwise provided in subsection 2, a security agreement may create or provide for a security interest in after-acquired collateral.

2. Subject to subsection 3, a security interest does not attach under a term constituting an after-acquired property clause to: (a) Consumer goods, other than an accession when given as additional security, unless the debtor acquires rights in them within 10 days after the secured party gives value; or (b) A commercial tort claim.

3. Subsection 2 does not prevent a security interest from attaching: (a) To consumer goods as proceeds under subsection 1 of NRS 104.9315 or commingled goods under subsection 3 of NRS 104.9336 ; (b) To a commercial tort claim as proceeds under subsection 1 of NRS 104.9315 ; or (c) Under an after-acquired property clause to property that is proceeds of consumer goods or a commercial tort claim.

4. A security agreement may provide that collateral secures, or that accounts, chattel paper, payment intangibles or promissory notes are sold in connection with, future advances or other value, whether or not the advances or value are given pursuant to commitment.
Nev. Rev. Stat. § 100.139 — NV Code / Title 8 / Chapter 100 / Section 100.139
Requirements of lease agreement for used vehicles; disclosures
Status: in_force

1. A lessor who is a dealer shall use a lease agreement in connection with a consumer vehicle lease for a used vehicle that: (a) Is accepted and acted upon by the lessor and any other person necessary to effectuate the lease. (b) Contains any information required to be disclosed by the Consumer Leasing Act of 1976, 15 U.S.C. §§ 1667 et seq., and the regulations adopted pursuant thereto, including, without limitation, 12 C.F.R. Part 1013 , commonly known as Regulation M. (c) If the lease provides for the sale of goods or services, identifies and itemizes the goods sold or to be sold or services furnished or rendered or to be furnished or rendered and the price of each item of goods or services. (d) Contains a provision that default on the part of the lessee is only enforceable to the extent that: (1) The lessee fails to make a payment as required by the agreement, but in no case less than 30 days after the date required by the lease agreement; or (2) The prospect of payment, performance or realization of collateral is significantly impaired. The burden of establishing the prospect of significant impairment is on the lessor. (e) Includes the following notice in at least 10-point bold type: NOTICE TO LESSEE Do not sign this agreement before you read it or if it contains any blank spaces. You are entitled to a completed copy of this agreement. If you fail to perform your obligations under this agreement, the vehicle may be repossessed and you may be liable for the unpaid indebtedness evidenced by this agreement. (f) Limits late fees to the lesser of $15 or 8 percent of any installment amount in default for more than 10 days. (g) Contains a term regarding residual value in substantially the following form: Residual value is the value of the leased vehicle at the end of the lease term, as estimated or assigned by the lessor. The residual value is the amount you will have to pay if you decide to buy this vehicle at the end of the lease term. (h) Contains a term regarding early termination in substantially the following form: If you terminate this lease before the end of the lease term, you will be responsible for the early termination charge. The early termination charge is the amount you still owe on the vehicle under the lease agreement, commonly referred to as the adjusted lease balance, minus the vehicle's current fair market value as estimated in the then current version of the Kelley Blue Book or its equivalent. (i) Contains a term regarding default charges in substantially the following form: If you default under the terms of this agreement, you will be liable for the adjusted lease balance described in paragraph (h) plus any actual costs incurred by the lessor to repossess the vehicle, prepare it for disposition and dispose of it by sale or other means minus the amounts received by the lessor from the disposition of the vehicle and the cancellation of any optional product or service you purchased as part of this agreement.

2. Before a lessor who is a dealer obtains the signature of a lessee on a consumer vehicle lease for a used vehicle, the lessor shall provide the lessee with the disclosures set forth in this subsection. The disclosures must: (a) Identify the vehicle and identify and itemize any other goods or services included in the lease and, if the lease provides for the sale of goods or services, identify and itemize the goods sold or to be sold or services furnished or rendered or to be furnished or rendered and the price of the vehicle and each other item of goods or services. (b) Be provided to the lessee before he or she signs the lease agreement, in a form the lessee can keep. (c) Contain the signature of the lessee and any other party obligated by the terms of the lease agreement. (d) Contain a notice that default on the part of the lessee is only enforceable to the extent that: (1) The lessee fails to make a payment as required by the lease agreement, but in no case less than 30 days after the date required by the lease agreement; or (2) The prospect of payment, performance or realization of collateral is significantly impaired. The burden of establishing the prospect of significant impairment is on the lessor. (e) Provide to the lessee the following notices in both English and Spanish in at least 14-point bold type: NOTICE TO LESSEE THIS IS NOT A SALES CONTRACT THIS IS A LEASE. YOU ARE NOT BUYING THIS CAR. YOU WILL NOT OWN IT AT THE END OF THE CONTRACT TERM WITHOUT PAYING ADDITIONAL MONEY. ESTE ES UN CONTRATO DE ARRENDAMIENTO. NO VAS A COMPRAR ESTE AUTO. USTED NO SERÀ DUEÑO AL FINAL DEL CONTRATO CON EL PAGO DE DINERO ADICIONAL. NOTICE TO LESSEE READ EVERYTHING CAREFULLY Do not sign the agreement provided by the lessor before you read it or if it contains any blank spaces. You are entitled to a completed copy of the agreement. If there are oral promises not included in the written agreement, the written agreement will prevail. If you fail to perform your obligations under the agreement, the vehicle may be repossessed and you may be liable for the unpaid indebtedness evidenced by the agreement. NOTICE TO LESSEE THERE IS NO COOLING-OFF PERIOD Nevada law does not provide for a “cooling-off” or other cancellation period for vehicle leases. Therefore, you cannot later cancel the lease simply because you change your mind, decide the vehicle costs too much, or wish you had acquired a different vehicle. You may cancel the lease only with the agreement of the lessor or for legal cause, such as fraud.

3. If a lessor who is a dealer fails to obtain the signature of a lessee on the disclosures required by subsection 2 before obtaining the signature of the lessee on a consumer vehicle lease for a used vehicle, the consumer vehicle lease shall be deemed a retail installment contract for the sale of the vehicle.

4. If a consumer vehicle lease for a used vehicle includes a provision that conflicts with a provision of this section, the provision of this section will control.

5. As used in this section: (a) “Retail installment contract” has the meaning ascribed to it in NRS 97.105 . (b) “Used vehicle” has the meaning ascribed to it in NRS 482.132 .
Nev. Rev. Stat. § 104.9712 — NV Code / Title 8 / Chapter 104 / Section 104.9712
Security interest unperfected before July 1, 2013
Status: in_force

A security interest that is an unperfected security interest immediately before July 1, 2013, becomes a perfected security interest:

1. Without further action, on that date if the applicable requirements for perfection under this article as amended are satisfied before or at that time; or

2. When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
Nev. Rev. Stat. § 104.4404 — NV Code / Title 8 / Chapter 104 / Section 104.4404
Bank not obligated to pay check more than 6 months old
Status: in_force

A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than 6 months after its date, but it may charge its customer's account for a payment made thereafter.
Nev. Rev. Stat. § 104A.2401 — NV Code / Title 8 / Chapter 104A / Section 104A.2401
Insecurity: Adequate assurance of performance
Status: in_force

1. A lease contract imposes an obligation on each party that the other's expectation of receiving due performance will not be impaired.

2. If reasonable grounds for insecurity arise with respect to the performance of either party, the insecure party may demand in writing adequate assurance of due performance. Until the insecure party receives that assurance, if commercially reasonable the insecure party may suspend any performance for which the insecure party has not already received the agreed return.

3. A repudiation of the lease contract occurs if assurance of due performance adequate under the circumstances of the particular case is not provided to the insecure party within a reasonable time, not to exceed 30 days after receipt of a demand by the other party.

4. Between merchants, the reasonableness of grounds for insecurity and the adequacy of any assurance offered must be determined according to commercial standards.

5. Acceptance of any nonconforming delivery or payment does not prejudice the aggrieved party's right to demand adequate assurance of future performance.
Nev. Rev. Stat. § 104A.4403 — NV Code / Title 8 / Chapter 104A / Section 104A.4403
Payment by sender to receiving bank
Status: in_force

1. Payment of the sender's obligation under NRS 104A.4402 to pay the receiving bank occurs as follows: (a) If the sender is a bank, payment occurs when the receiving bank receives final settlement of the obligation through a Federal Reserve bank or through a funds-transfer system. (b) If the sender is a bank and the sender credited an account of the receiving bank with the sender, or caused an account of the receiving bank in another bank to be credited, payment occurs when the credit is withdrawn or, if not withdrawn, at midnight of the day on which the credit is withdrawable and the receiving bank learns of that fact. (c) If the receiving bank debits an account of the sender with the receiving bank, payment occurs when the debit is made to the extent the debit is covered by a withdrawable credit balance in the account.

2. If the sender and receiving bank are members of a funds-transfer system that nets obligations multilaterally among participants, the receiving bank receives final settlement when settlement is complete in accordance with the rules of the system. The obligation of the sender to pay the amount of a payment order transmitted through the funds-transfer system may be satisfied, to the extent permitted by the rules of the system, by setting off and applying against the sender's obligation the right of the sender to receive payment from the receiving bank of the amount of any other payment order transmitted to the sender by the receiving bank through the funds-transfer system. The aggregate balance of obligations owed by each sender to each receiving bank in the funds-transfer system may be satisfied, to the extent permitted by the rules of the system, by setting off and applying against that balance the aggregate balance of obligations owed to the sender by other members of the system. The aggregate balance is determined after the right of setoff stated in the second sentence of this subsection has been exercised.

3. If two banks transmit payment orders to each other under an agreement that settlement of the obligations of each bank to the other under NRS 104A.4402 will be made at the end of the day or other period, the total amount owed with respect to all orders transmitted by one bank shall be set off against the total amount owed with respect to all orders transmitted by the other bank. To the extent of the setoff, each bank has made payment to the other.

4. In a case not covered by subsection 1, the time when payment of the sender's obligation under subsection 2 or 3 of NRS 104A.4402 occurs is governed by applicable principles of law that determine when an obligation is satisfied.
Nev. Rev. Stat. § 104.3306 — NV Code / Title 8 / Chapter 104 / Section 104.3306
Claims to an instrument
Status: in_force

A person taking an instrument, other than a person having rights of a holder in due course, is subject to a claim of a property or possessory right in the instrument or its proceeds, including a claim to rescind a negotiation and to recover the instrument or its proceeds. A person having rights of a holder in due course takes free of the claim to the instrument.
Nev. Rev. Stat. § 100.200 — NV Code / Title 8 / Chapter 100 / Section 100.200
Short title
Status: in_force

NRS 100.200 to 100.230 , inclusive, may be known and cited as the Asset-Backed Securities Facilitation Act.
Nev. Rev. Stat. § 104A.4106 — NV Code / Title 8 / Chapter 104A / Section 104A.4106
Time payment order is received
Status: in_force

1. The time of receipt of a payment order or communication cancelling or amending a payment order is determined by the rules applicable to receipt of a notice stated in NRS 104.1202 . A receiving bank may fix a cutoff time or times of a funds-transfer business day for the receipt and processing of payment orders and communications cancelling or amending payment orders. Different cutoff times may apply to payment orders, cancellations or amendments, or to different categories of payment orders, cancellations or amendments. A cutoff time may apply to senders generally or different cutoff times may apply to different senders or categories of payment orders. If a payment order or communication cancelling or amending a payment order is received after the close of a funds-transfer business day or after the appropriate cutoff time on a funds-transfer business day, the receiving bank may treat the payment order or communication as received at the opening of the next funds-transfer business day.

2. If this Article refers to an execution date or payment date or states a day on which a receiving bank is required to take action, and the date or day does not fall on a funds-transfer business day, the next day that is a funds-transfer business day is treated as the date or day stated, unless the contrary is stated in this Article.
Nev. Rev. Stat. § 100.060 — NV Code / Title 8 / Chapter 100 / Section 100.060
Agreements between principals and sureties for joint control of assets
Status: in_force

It is lawful for any party of whom a bond, undertaking or other obligation is required, to agree with the party’s surety or sureties for the deposit of any money and assets for which the party and the party’s surety or sureties are or may be held responsible, with a bank, credit union, savings bank, safe-deposit or trust company, authorized by law to do business as such, or with another depository approved by the court or a judge thereof, if the deposit is otherwise proper, for the safekeeping thereof, and in such manner as to prevent the withdrawal of the money or assets or any part thereof, without the written consent of the surety or sureties, or an order of court or a judge thereof, made on such notice to the surety or sureties as the court or judge may direct; but the agreement does not in any manner release from or change the liability of the principal or sureties as established by the terms of the bond.
Nev. Rev. Stat. § 97B.150 — NV Code / Title 8 / Chapter 97B / Section 97B.150
Award of interest; prohibition against compounding interest; limitation on prejudgment interest; limitation on postjudgment interest
Status: in_force

If the plaintiff is the prevailing party in any action to collect a consumer debt:

1. And a rate of interest is stated in the consumer form contract, interest may be awarded by the court only as set forth in this section.

2. Interest under the consumer form contract, prejudgment interest and postjudgment interest awarded by the court must not be compounded.

3. Any prejudgment interest the court awards the plaintiff must be limited to the lesser of: (a) The accrued interest at the rate stated in the consumer form contract to the day the action to collect the debt is filed; or (b) One hundred eighty days of interest at the rate stated in the consumer form contract.

4. Any postjudgment interest the court awards the plaintiff must be limited to the lesser of: (a) The rate of interest in the consumer form contract; or (b) A rate equal to the prime rate at the largest bank in Nevada as ascertained by the Commissioner of Financial Institutions on January 1 or July 1, as the case may be, immediately preceding the date of judgment, plus 2 percent. The rate must remain fixed at that rate until the judgment is satisfied.
Nev. Rev. Stat. § 97.195 — NV Code / Title 8 / Chapter 97 / Section 97.195
Amount of finance charge and any other fee, expense or charge
Status: in_force

The amount of the finance charge in any retail installment contract and of any other fee, expense or charge may be any amount agreed upon by the parties.
Nev. Rev. Stat. § 104A.2406 — NV Code / Title 8 / Chapter 104A / Section 104A.2406
Procedure on excused performance
Status: in_force

1. If the lessee receives notification of a material or indefinite delay or an allocation justified under NRS 104A.2405 , the lessee may by written notification to the lessor as to any goods involved, and with respect to all of the goods if under an installment lease contract the value of the whole lease contract is substantially impaired ( NRS 104A.2510 ): (a) Terminate the lease contract (subsection 2 of NRS 104A.2505 ); or (b) Except in a finance lease that is not a consumer lease, modify the lease contract by accepting the available quota in substitution, with due allowance from the rent payable for the balance of the lease term for the deficiency but without further right against the lessor.

2. If, after receipt of a notification from the lessor under NRS 104A.2405 , the lessee fails so to modify the lease agreement within a reasonable time not exceeding 30 days, the lease contract lapses with respect to any deliveries affected.
Nev. Rev. Stat. § 104.9330 — NV Code / Title 8 / Chapter 104 / Section 104.9330
Priority of purchaser of chattel paper or instrument
Status: in_force

1. A purchaser of chattel paper has priority over a security interest in the chattel paper which is claimed merely as proceeds of inventory subject to a security interest if: (a) In good faith and in the ordinary course of the purchaser's business, the purchaser gives new value, takes possession of each authoritative tangible copy of the record evidencing the chattel paper and obtains control under NRS 104.9105 of each authoritative electronic copy of the record evidencing the chattel paper; and (b) The authoritative copies of the record evidencing the chattel paper do not indicate that the chattel paper has been assigned to an identified assignee other than the purchaser.

2. A purchaser of chattel paper has priority over a security interest in the chattel paper which is claimed other than merely as proceeds of inventory subject to a security interest if the purchaser gives new value, takes possession of each authoritative tangible copy of the record evidencing the chattel paper and obtains control under NRS 104.9105 of each authoritative electronic copy of the record evidencing the chattel paper in good faith, in the ordinary course of the purchaser's business, and without knowledge that the purchase violates the rights of the secured party.

3. Except as otherwise provided in NRS 104.9327 , a purchaser having priority in chattel paper under subsection 1 or 2 also has priority in proceeds of the chattel paper to the extent that: (a) NRS 104.9322 provides for priority in the proceeds; or (b) The proceeds consist of the specific goods covered by the chattel paper or cash proceeds of the specific goods, even if the purchaser's security interest in the proceeds is unperfected.

4. Except as otherwise provided in subsection 1 of NRS 104.9331 , a purchaser of an instrument has priority over a security interest in the instrument perfected by a method other than possession if the purchaser gives value and takes possession of the instrument in good faith and without knowledge that the purchase violates the rights of the secured party.

5. For purposes of subsections 1 and 2, the holder of a purchase-money security interest in inventory gives new value for chattel paper constituting proceeds of the inventory.

6. For purposes of subsections 2 and 4, if the authoritative copies of the record evidencing chattel paper or an instrument indicate that the chattel paper or instrument has been assigned to an identified secured party other than the purchaser, a purchaser of the chattel paper or instrument has knowledge that the purchase violates the rights of the secured party.
Nev. Rev. Stat. § 104.9333 — NV Code / Title 8 / Chapter 104 / Section 104.9333
Priority of certain possessory liens arising by operation of law
Status: in_force

1. In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien: (a) Which secures payment or performance of an obligation for services or materials furnished with respect to goods by a person in the ordinary course of his or her business; (b) Which is created by statute or rule of law in his or her favor; and (c) Whose effectiveness depends on his or her possession of the goods.

2. A possessory lien on goods has priority over a security interest in the goods unless the lien is created by a statute that expressly provides otherwise.
Nev. Rev. Stat. § 104.9320 — NV Code / Title 8 / Chapter 104 / Section 104.9320
Protection of certain buyers of goods
Status: in_force

1. Except as otherwise provided in subsection 5, a buyer in the ordinary course of business, other than a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the buyer's seller, even if the security interest is perfected and the buyer knows of its existence.

2. Except as otherwise provided in subsection 5, a buyer of goods from a person who used or bought the goods for use primarily for personal, family or household purposes takes free of a security interest, even if perfected, if the buyer buys: (a) Without knowledge of the security interest; (b) For value; (c) Primarily for his or her personal, family or household purposes; and (d) Before the filing of a financing statement covering the goods.

3. To the extent that it affects the priority of a security interest over a buyer of goods under subsection 2, the period of effectiveness of a filing made in the jurisdiction in which the seller is located is governed by subsections 1 and 2 of NRS 104.9316 .

4. A buyer in the ordinary course of business buying oil, gas, or other minerals at the wellhead or minehead or after extraction takes free of an interest arising out of an encumbrance.

5. Subsections 1 and 2 do not affect a security interest in goods in the possession of the secured party under NRS 104.9313 .
Nev. Rev. Stat. § 97A.110 — NV Code / Title 8 / Chapter 97A / Section 97A.110
“Joint account” defined
Status: in_force

“Joint account” means a credit card account for which two or more persons agree in writing to be jointly and severally liable for all authorized charges incurred on the account.
Nev. Rev. Stat. § 97A.145 — NV Code / Title 8 / Chapter 97A / Section 97A.145
Issuer to provide cardholder with written notice concerning unlawful use of personal identifying information and credit information of cardholder; compliance with federal law deemed compliance with section
Status: in_force

1. When issuing a credit card to a cardholder in this State, an issuer shall provide the cardholder with the written notice in the form prescribed by the Commissioner of Financial Institutions pursuant to this section.

2. The Commissioner of Financial Institutions shall adopt regulations prescribing the form of the written notice required pursuant to this section. The regulations must provide that the written notice must: (a) Include, without limitation, the following information: (1) The policies and procedures adopted by the issuer to protect the personal identifying information and credit information of the cardholder from any unlawful use by another person; and (2) The legal rights and responsibilities of the cardholder if another person unlawfully uses the personal identifying information and credit information of the cardholder; and (b) Be printed in a separate box created by bold lines that includes: (1) A heading indicating the general subject matter of the notice that is printed in at least 12-point type; and (2) The text of the notice that is printed in at least 10-point type.

3. An issuer that is subject to and complies with the privacy and security provisions of the Gramm-Leach-Bliley Act, 15 U.S.C. §§ 6801 et seq., shall be deemed to be in compliance with the notification requirements of this section.

4. As used in this section: (a) “ Credit information ” means any information that is related to credit and derived from a consumer credit report, found on a consumer credit report or provided on an application for a credit card. (b) “ Personal identifying information ” has the meaning ascribed to it in NRS 205.4617 .
Nev. Rev. Stat. § 104.5101 — NV Code / Title 8 / Chapter 104 / Section 104.5101
Short title
Status: in_force

This article may be cited as Uniform Commercial Code--Letters of Credit.
Nev. Rev. Stat. § 104A.2509 — NV Code / Title 8 / Chapter 104A / Section 104A.2509
Lessee's rights on improper delivery; rightful rejection
Status: in_force

1. Subject to the provisions of NRS 104A.2510 on default in installment lease contracts, if the goods or the tender or delivery fail in any respect to conform to the lease contract, the lessee may reject or accept the goods or accept any commercial unit or units and reject the rest of the goods.

2. Rejection of goods is ineffective unless it is within a reasonable time after tender or delivery of the goods and the lessee seasonably notifies the lessor.
Nev. Rev. Stat. § 104.9524 — NV Code / Title 8 / Chapter 104 / Section 104.9524
Excused delay by filing office
Status: in_force

Delay by the filing office beyond a time limit prescribed by this part is excused if:

1. The delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of equipment or other circumstances beyond control of the filing office; and

2. The filing office exercises reasonable diligence under the circumstances.
Nev. Rev. Stat. § 97B.130 — NV Code / Title 8 / Chapter 97B / Section 97B.130
Consumer form contracts: Provisions that violate chapter void; enforceability of other provisions
Status: in_force

A provision in a consumer form contract that violates this chapter shall be void and unenforceable. A court may refuse to enforce other provisions of the consumer form contract as equity may require.
Nev. Rev. Stat. § 104.3119 — NV Code / Title 8 / Chapter 104 / Section 104.3119
Notice of right to defend action
Status: in_force

In an action for breach of an obligation for which a third person is answerable over pursuant to this Article or Article 4, the defendant may give the third person notice of the litigation in a record, and the person notified may then give similar notice to any other person who is answerable over. If the notice states that the person notified may come in and defend and that failure to do so will bind the person notified in an action later brought by the person giving the notice as to any determination of fact common to the two litigations, the person notified is so bound unless after seasonable receipt of the notice the person notified does come in and defend.
Nev. Rev. Stat. § 104.1103 — NV Code / Title 8 / Chapter 104 / Section 104.1103
Construction of Uniform Commercial Code to promote underlying purposes and policies; applicability of supplemental principles of law
Status: in_force

1. The Uniform Commercial Code must be liberally construed and applied to promote its underlying purposes and policies, which are: (a) To simplify, clarify and modernize the law governing commercial transactions; (b) To permit the continued expansion of commercial practices through custom, usage and agreement of the parties; and (c) To make uniform the law among the various jurisdictions.

2. Unless displaced by the particular provisions of the Uniform Commercial Code, the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other validating or invalidating cause supplement its provisions.
Nev. Rev. Stat. § 104A.2405 — NV Code / Title 8 / Chapter 104A / Section 104A.2405
Excused performance
Status: in_force

Subject to NRS 104A.2404 on substituted performance, the following rules apply:

1. Delay in delivery or nondelivery in whole or in part by a lessor or a supplier who complies with subsections 2 and 3 is not a default under the lease contract if performance as agreed has been made impracticable by the occurrence of a contingency the nonoccurrence of which was a basic assumption on which the lease contract was made or by compliance in good faith with any applicable foreign or domestic governmental regulation or order, whether or not the regulation or order later proves to be invalid.

2. If the causes mentioned in subsection 1 affect only part of the lessor's or the supplier's capacity to perform, the lessor or supplier shall allocate production and deliveries among his or her customers but at his or her option may include regular customers not then under contract for sale or lease as well as his or her own requirements for further manufacture. The lessor or supplier may so allocate in any manner that is fair and reasonable.

3. The lessor seasonably shall notify the lessee and in the case of a finance lease the supplier seasonably shall notify the lessor and the lessee, if known, that there will be delay or nondelivery and, if allocation is required under subsection 2, of the estimated quota thus made available for the lessee.
Nev. Rev. Stat. § 104.3406 — NV Code / Title 8 / Chapter 104 / Section 104.3406
Negligence contributing to forged signature or alteration of instrument
Status: in_force

1. A person whose failure to exercise ordinary care substantially contributes to an alteration of an instrument or to the making of a forged signature on an instrument is precluded from asserting the alteration or the forgery against a person who, in good faith, pays the instrument or takes it for value or for collection.

2. Under subsection 1, if the person asserting the preclusion fails to exercise ordinary care in paying or taking the instrument and that failure substantially contributes to loss, the loss is allocated between the person precluded and the person asserting the preclusion according to the extent to which the failure of each to exercise ordinary care contributed to the loss.

3. Under subsection 1, the burden of proving failure to exercise ordinary care is on the person asserting the preclusion. Under subsection 2, the burden of proving failure to exercise ordinary care is on the person precluded.
Nev. Rev. Stat. § 104.9325 — NV Code / Title 8 / Chapter 104 / Section 104.9325
Priority of security interests in transferred collateral
Status: in_force

1. Except as otherwise provided in subsection 2, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if: (a) The debtor acquired the collateral subject to the security interest created by the other person; (b) The security interest created by the other person was perfected when the debtor acquired the collateral; and (c) There is no period thereafter when the security interest is unperfected.

2. Subsection 1 subordinates a security interest only if the security interest: (a) Otherwise would have priority solely under subsection 1 of NRS 104.9322 or NRS 104.9324 ; or (b) Arose solely under subsection 3 of NRS 104.2711 or subsection 5 of NRS 104A.2508 .
Nev. Rev. Stat. § 104.3107 — NV Code / Title 8 / Chapter 104 / Section 104.3107
Instrument payable in foreign money
Status: in_force

Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank-offered spot rate at the place of payment for the purchase of dollars on the day on which the instrument is paid.
Nev. Rev. Stat. § 104A.4504 — NV Code / Title 8 / Chapter 104A / Section 104A.4504
Order in which items and payment orders may be charged to account; order of withdrawals from account
Status: in_force

1. If a receiving bank has received more than one payment order of the sender or one or more payment orders and other items that are payable from the sender's account, the bank may charge the sender's account with respect to the various orders and items in any sequence.

2. In determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt of the holder of the account, credits first made to the account are first withdrawn or applied.
Nev. Rev. Stat. § 104.5107 — NV Code / Title 8 / Chapter 104 / Section 104.5107
Confirmer, nominated person and adviser
Status: in_force

1. A confirmer is directly obligated on a letter of credit and has the rights and obligations of an issuer to the extent of its confirmation. The confirmer also has rights against and obligations to the issuer as if the issuer were an applicant and the confirmer had issued the letter of credit at the request and for the account of the issuer.

2. A nominated person who is not a confirmer is not obligated to honor or otherwise give value for a presentation.

3. A person requested to advise may decline to act as an adviser. An adviser that is not a confirmer is not obligated to honor or give value for a presentation. An adviser undertakes to the issuer and to the beneficiary accurately to advise the terms of the letter of credit, confirmation, amendment or advice received by the adviser and undertakes to the beneficiary to check the apparent authenticity of the request to advise. Even if the advice is inaccurate, the letter of credit, confirmation or amendment is enforceable as issued.

4. A person who notifies a transferee beneficiary of the terms of a letter of credit, confirmation, amendment or advice has the rights and obligations of an adviser under subsection 3. The terms in the notice to the transferee beneficiary may differ from the terms in any notice to the transferor beneficiary to the extent permitted by the letter of credit, confirmation, amendment or advice received by the person who so notifies.
Nev. Rev. Stat. § 104A.2106 — NV Code / Title 8 / Chapter 104A / Section 104A.2106
Limitation on power of parties to consumer lease to choose applicable law and judicial forum
Status: in_force

1. If the law chosen by the parties to a consumer lease is that of a jurisdiction other than a jurisdiction in which the lessee resides at the time the lease agreement becomes enforceable or within 30 days thereafter or in which the goods are to be used, the choice is not enforceable.

2. If the judicial forum chosen by the parties to a consumer lease is a forum that would not otherwise have jurisdiction over the lessee, the choice is not enforceable.
Nev. Rev. Stat. § 104.2709 — NV Code / Title 8 / Chapter 104 / Section 104.2709
Action for price
Status: in_force

1. When the buyer fails to pay the price as it becomes due the seller may recover, together with any incidental damages under the next section, the price: (a) Of goods accepted or of conforming goods lost or damaged within a commercially reasonable time after risk of their loss has passed to the buyer; and (b) Of goods identified to the contract if the seller is unable after reasonable effort to resell them at a reasonable price or the circumstances reasonably indicate that such effort will be unavailing.

2. Where the seller sues for the price the seller must hold for the buyer any goods which have been identified to the contract and are still in his or her control except that if resale becomes possible the seller may resell them at any time prior to the collection of the judgment. The net proceeds of any such resale must be credited to the buyer and payment of the judgment entitles the buyer to any goods not resold.

3. After the buyer has wrongfully rejected or revoked acceptance of the goods or has failed to make a payment due or has repudiated ( NRS 104.2610 ), a seller who is held not entitled to the price under this section shall nevertheless be awarded damages for nonacceptance under the preceding section.
Nev. Rev. Stat. § 104A.2308 — NV Code / Title 8 / Chapter 104A / Section 104A.2308
Special rights of creditors
Status: in_force

1. A creditor of a lessor in possession of goods subject to a lease contract may treat the lease contract as void if as against the creditor retention of possession by the lessor is fraudulent under any statute or rule of law, but retention of possession in good faith and current course of trade by the lessor for a commercially reasonable time after the lease contract becomes enforceable is not fraudulent.

2. Nothing in this article impairs the rights of creditors of a lessor if the lease contract: (a) Becomes enforceable, not in current course of trade but in satisfaction of or as security for a preexisting claim for money, security or the like; and (b) Is made under circumstances which under any statute or rule of law apart from this article would constitute the transaction a fraudulent transfer or voidable preference.

3. A creditor of a seller may treat a sale or an identification of goods to a contract for sale as void if as against the creditor retention of possession by the seller is fraudulent under any statute or rule of law, but retention of possession of the goods pursuant to a lease contract entered into by the seller as lessee and the buyer as lessor in connection with the sale or identification of the goods is not fraudulent if the buyer bought for value and in good faith.
Nev. Rev. Stat. § 104.9509 — NV Code / Title 8 / Chapter 104 / Section 104.9509
Persons entitled to file record
Status: in_force

1. A person may file an initial financing statement, amendment that adds collateral covered by a financing statement or amendment that adds a debtor to a financing statement only if: (a) The debtor authorizes the filing in a signed record; (b) The person holds an agricultural lien that has become effective at the time of filing and the financing statement covers only collateral in which the person holds an agricultural lien; or (c) Otherwise authorized by subsection 2 or 3.

2. By signing or becoming bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of an initial financing statement, and an amendment, covering: (a) The collateral described in the security agreement; and (b) Property that becomes collateral under paragraph (b) of subsection 1 of NRS 104.9315 , whether or not the security agreement expressly covers proceeds.

3. A person may file an amendment other than an amendment that adds collateral covered by a financing statement or an amendment that adds a debtor to a financing statement only if: (a) The secured party of record authorizes the filing; or (b) The change is a termination statement for a financing statement as to which the secured party of record has failed to file or send a termination statement as required by subsection 1 or 3 of NRS 104.9513 .

4. If there is more than one secured party of record for a financing statement, each secured party of record may authorize the filing of an amendment under subsection 3.
Nev. Rev. Stat. § 104.8116 — NV Code / Title 8 / Chapter 104 / Section 104.8116
Securities intermediary as purchaser for value
Status: in_force

A securities intermediary that receives a financial asset and establishes a security entitlement to the financial asset in favor of an entitlement holder is a purchaser for value of the financial asset. A securities intermediary that acquires a security entitlement to a financial asset from another securities intermediary acquires the security entitlement for value if the securities intermediary acquiring the security entitlement establishes a security entitlement to the financial asset in favor of an entitlement holder.
Nev. Rev. Stat. § 104.7401 — NV Code / Title 8 / Chapter 104 / Section 104.7401
Irregularities in issue of receipt or bill or conduct of issuer
Status: in_force

The obligations imposed by this Article on an issuer apply to a document of title even if:

1. The document does not comply with the requirements of this Article or of any other statute, rule or regulation regarding its issuance, form or content;

2. The issuer violated laws regulating the conduct of its business;

3. The goods covered by the document were owned by the bailee when the document was issued; or

4. The person issuing the document is not a warehouse but the document purports to be a warehouse receipt.
Nev. Rev. Stat. § 97.055 — NV Code / Title 8 / Chapter 97 / Section 97.055
“Official fees” defined
Status: in_force

“Official fees” means fees prescribed by law for perfecting, transferring or releasing a security interest created by a retail installment transaction.
Nev. Rev. Stat. § 104.3301 — NV Code / Title 8 / Chapter 104 / Section 104.3301
Person entitled to enforce instrument
Status: in_force

1. “Person entitled to enforce” an instrument means: (a) The holder of the instrument; (b) A nonholder in possession of the instrument who has the rights of a holder; or (c) A person not in possession of the instrument who is entitled to enforce the instrument pursuant to NRS 104.3309 or subsection 4 of NRS 104.3418 .

2. A person may be a person entitled to enforce the instrument even though the person is not the owner of the instrument or is in wrongful possession of the instrument.
Nev. Rev. Stat. § 104.9513 — NV Code / Title 8 / Chapter 104 / Section 104.9513
Termination statement
Status: in_force

1. A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and: (a) There is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation or otherwise give value; or (b) The debtor did not authorize the filing of the initial financing statement.

2. To comply with subsection 1, a secured party shall cause the secured party of record to file the termination statement: (a) Within 1 month after there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation or otherwise give value; or (b) If earlier, within 20 days after the secured party receives a signed demand from a debtor.

3. In cases not governed by subsection 1, within 20 days after a secured party receives a signed demand from a debtor, the secured party shall cause the secured party of record for a financing statement to send to the debtor a termination statement for the financing statement or file the termination statement in the filing office if: (a) Except in the case of a financing statement covering accounts or chattel paper that has been sold or goods that are the subject of a consignment, there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation or otherwise give value; (b) The financing statement covers accounts or chattel paper that has been sold but as to which the account debtor or other person obligated has discharged its obligation; (c) The financing statement covers goods that were the subject of a consignment to the debtor but are not in the debtor's possession; or (d) The debtor did not authorize the filing of the initial financing statement.

4. Except as otherwise provided in NRS 104.9510 , upon the filing of a termination statement with the filing office: (a) The financing statement to which the termination statement relates ceases to be effective. (b) For the purposes of subsection 7 of NRS 104.9519, subsection 1 of NRS 104.9522 and subsection 3 of NRS 104.9523 , a financing statement that indicates that the debtor is a transmitting utility causes the effectiveness of the financing statement to lapse.
Nev. Rev. Stat. § 104.4503 — NV Code / Title 8 / Chapter 104 / Section 104.4503
Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
Status: in_force

Unless otherwise instructed and except as provided in article 5 a bank presenting a documentary draft:

1. Must deliver the documents to the drawee on acceptance of the draft if it is payable more than 3 days after presentment; otherwise, only on payment; and

2. Upon dishonor, either in the case of presentment for acceptance or presentment for payment, may seek and follow instructions from any referee in case of need designated in the draft or if the presenting bank does not choose to utilize the referee’s services it must use diligence and good faith to ascertain the reason for dishonor, must notify its transferor of the dishonor and of the results of its effort to ascertain the reasons therefor and must request instructions.

But the presenting bank is under no obligation with respect to goods represented by the documents except to follow any reasonable instructions seasonably received; it has a right to reimbursement for any expense incurred in following instructions and to prepayment of or indemnity for such expenses.
Nev. Rev. Stat. § 100.141 — NV Code / Title 8 / Chapter 100 / Section 100.141
Single document required; format requirements
Status: in_force

1. Except as otherwise provided in NRS 598.9715 , every consumer vehicle lease must be contained in a single document which must contain the entire agreement of the parties, including any promissory notes or other evidences of indebtedness between the parties relating to the transaction.

2. The consumer vehicle lease must be dated, signed by the lessor and completed as to all essential provisions, except as otherwise provided in NRS 100.143 . The printed or typed portion of the lease, other than instructions for completion, must be in a size equal to at least 8-point type.
Nev. Rev. Stat. § 97B.030 — NV Code / Title 8 / Chapter 97B / Section 97B.030
Definitions
Status: in_force

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 97B.040 to 97B.070 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 104.7302 — NV Code / Title 8 / Chapter 104 / Section 104.7302
Through bills of lading and similar documents of title
Status: in_force

1. The issuer of a through bill of lading, or other document of title embodying an undertaking to be performed in part by a person acting as its agent or by a performing carrier, is liable to any person entitled to recover on the bill or other document for any breach by the other person or the performing carrier of its obligation under the bill or other document. However, to the extent that the bill or other document covers an undertaking to be performed overseas or in territory not contiguous to the continental United States or an undertaking including matters other than transportation, this liability for breach by the other person or the performing carrier may be varied by agreement of the parties.

2. If goods covered by a through bill of lading or other document of title embodying an undertaking to be performed in part by a person other than the issuer are received by that person, the person is subject, with respect to its own performance while the goods are in its possession, to the obligation of the issuer. The person's obligation is discharged by delivery of the goods to another person pursuant to the bill or other document and does not include liability for breach by any other person or by the issuer.

3. The issuer of a through bill of lading or other document of title described in subsection 1 is entitled to recover from the performing carrier, or other person in possession of the goods when the breach of the obligation under the bill or other document occurred: (a) The amount it may be required to pay to any person entitled to recover on the bill or other document for the breach, as may be evidenced by any receipt, judgment or transcript of judgment; and (b) The amount of any expense reasonably incurred by the issuer in defending any action commenced by any person entitled to recover on the bill or other document for the breach.
Nev. Rev. Stat. § 97B.050 — NV Code / Title 8 / Chapter 97B / Section 97B.050
“Consumer” defined
Status: in_force

“ Consumer ” means a natural person.
Nev. Rev. Stat. § 104A.4207 — NV Code / Title 8 / Chapter 104A / Section 104A.4207
Misdescription of beneficiary
Status: in_force

1. Except as otherwise provided in subsection 2, if, in a payment order received by the beneficiary's bank, the name, bank account number or other identification of the beneficiary refers to a nonexistent or unidentifiable person or account, no person has rights as a beneficiary of the order and acceptance of the order cannot occur.

2. If a payment order received by the beneficiary's bank identifies the beneficiary both by name and by an identifying or bank account number and the name and number identify different persons, the following rules apply: (a) Except as otherwise provided in subsection 3, if the beneficiary's bank does not know that the name and number refer to different persons, it may rely on the number as the proper identification of the beneficiary of the order. The beneficiary's bank need not determine whether the name and number refer to the same person. (b) If the beneficiary's bank pays the person identified by name or knows that the name and number identify different persons, no person has rights as beneficiary except the person paid by the beneficiary's bank if that person was entitled to receive payment from the originator of the funds transfer. If no person has rights as beneficiary, acceptance of the order cannot occur.

3. If a payment order described in subsection 2 is accepted, the originator's payment order described the beneficiary inconsistently by name and number, and the beneficiary's bank pays the person identified by number as permitted by paragraph (a) of subsection 2, the following rules apply: (a) If the originator is a bank, the originator is obliged to pay its order. (b) If the originator is not a bank and proves that the person identified by number was not entitled to receive payment from the originator, the originator is not obliged to pay its order unless the originator's bank proves that the originator, before acceptance of the originator's order, had notice that payment of a payment order issued by the originator might be made by the beneficiary's bank on the basis of an identifying or bank account number even if it identified a person different from the named beneficiary. Proof of notice may be made by any admissible evidence. The originator's bank satisfies the burden of proof if it proves that the originator, before the payment order was accepted, signed a record stating the information to which the notice relates.

4. In a case governed by paragraph (a) of subsection 2, if the beneficiary's bank rightfully pays the person identified by number and that person was not entitled to receive payment from the originator, the amount paid may be recovered from that person to the extent allowed by the law governing mistake and restitution as follows: (a) If the originator is obliged to pay its payment order as stated in subsection 3, the originator has the right to recover. (b) If the originator is not a bank and is not obliged to pay its payment order, the originator's bank has the right to recover.
Nev. Rev. Stat. § 104.9327 — NV Code / Title 8 / Chapter 104 / Section 104.9327
Priority among conflicting security interests in same deposit account
Status: in_force

The following rules govern priority among conflicting security interests in the same deposit account:

1. A security interest held by a secured party having control of the deposit account under NRS 104.9104 has priority over a conflicting security interest held by a secured party that does not have control.

2. Except as otherwise provided in subsections 3 and 4, security interests perfected by control under NRS 104.9314 rank according to priority in time of obtaining control.

3. Except as otherwise provided in subsection 4, a security interest held by the bank with which the deposit account is maintained has priority over a conflicting security interest held by another secured party.

4. A security interest perfected by control under paragraph (c) of subsection 1 of NRS 104.9104 has priority over a security interest held by the bank with which the deposit account is maintained.
Nev. Rev. Stat. § 104.4102 — NV Code / Title 8 / Chapter 104 / Section 104.4102
Applicability
Status: in_force

1. To the extent that items within this article are also within articles 3 and 8, they are subject to those articles. If there is a conflict, this article governs article 3 but article 8 governs this article.

2. The liability of a bank for action or nonaction with respect to an item handled by it for purposes of presentment, payment or collection is governed by the law of the place where the bank is located. In the case of action or nonaction by or at a branch or separate office of a bank, its liability is governed by the law of the place where the branch or separate office is located.
Nev. Rev. Stat. § 104.7204 — NV Code / Title 8 / Chapter 104 / Section 104.7204
Duty of care; contractual limitation of warehouse's liability
Status: in_force

1. A warehouse is liable for damages for loss of or injury to the goods caused by its failure to exercise care with regard to the goods that a reasonably careful person would exercise under similar circumstances. Unless otherwise agreed, the warehouse is not liable for damages that could not have been avoided by the exercise of that care.

2. Damages may be limited by a term in the warehouse receipt or storage agreement limiting the amount of liability in case of loss or damage beyond which the warehouse is not liable. Such a limitation is not effective with respect to the warehouse's liability for conversion to its own use. On request of the bailor in a record at the time of signing the storage agreement or within a reasonable time after receipt of the warehouse receipt, the warehouse's liability may be increased on part or all of the goods covered by the storage agreement or the warehouse receipt. In this event, increased rates may be charged based on an increased valuation of the goods.

3. Reasonable provisions as to the time and manner of presenting claims and commencing actions based on the bailment may be included in the warehouse receipt or storage agreement.
Nev. Rev. Stat. § 99.010 — NV Code / Title 8 / Chapter 99 / Section 99.010
Dollar, cent and mill to be money of account
Status: in_force

The money of account of this state shall be the dollar, cent and mill. All the accounts in the public offices, other public accounts, and all proceedings in courts, shall be kept and had in conformity with this section.
Nev. Rev. Stat. § 104.9503 — NV Code / Title 8 / Chapter 104 / Section 104.9503
Name of debtor and secured party provided in financing statement
Status: in_force

1. A financing statement sufficiently provides the name of the debtor: (a) Except as otherwise provided in paragraph (c), if the debtor is a registered organization or the collateral is held in a trust that is a registered organization, only if the financing statement provides the name that is stated to be the registered organization's name on the public organic record most recently filed with or issued or enacted by the registered organization's jurisdiction of organization which purports to state, amend or restate the registered organization's name; (b) Subject to subsection 6, if the collateral is being administered by the personal representative of a decedent, only if the financing statement provides, as the name of the debtor, the name of the decedent and, in a separate part of the financing statement, indicates that the collateral is being administered by a personal representative; (c) If the collateral is held in a trust that is not a registered organization, only if the financing statement: (1) Provides, as the name of the debtor: (I) If the organic record of the trust specifies a name for the trust, the name so specified; or (II) If the organic record of the trust does not specify a name for the trust, the name of the settlor or testator; and (2) In a separate part of the financing statement: (I) If the name is provided in accordance with sub-subparagraph (I) of subparagraph (1), indicates that the collateral is held in a trust; or (II) If the name is provided in accordance with sub-subparagraph (II) of subparagraph (1), provides additional information sufficient to distinguish the trust from other trusts having one or more of the same settlors or the same testator and indicates that the collateral is held in a trust, unless the additional information so indicates; (d) Subject to subsection 7, if the debtor is a natural person to whom this State has issued a driver's license that has not expired or to whom the agency of this State that issues drivers’ licenses has issued, in lieu of a driver’s license, a personal identification card that has not expired, only if the financing statement provides the name of the natural person which is indicated on the driver's license or personal identification card; (e) If the debtor is a natural person to whom paragraph (d) does not apply, only if the financing statement provides the individual name of the debtor or the surname and first personal name of the debtor; and (f) In other cases: (1) If the debtor has a name, only if the financing statement provides the organizational name of the debtor; and (2) If the debtor does not have a name, only if the financing statement provides the names of the partners, members, associates or other persons comprising the debtor, in a manner that each name provided would be sufficient if the person named were the debtor.

2. A financing statement that provides the name of the debtor in accordance with subsection 1 is not rendered ineffective by the absence of: (a) A trade name or other name of the debtor; or (b) Unless required under subparagraph (2) of paragraph (f) of subsection 1, names of partners, members, associates or other persons comprising the debtor.

3. A financing statement that provides only the debtor's trade name does not sufficiently provide the name of the debtor.

4. Failure to indicate the representative capacity of a secured party or representative of a secured party does not affect the sufficiency of a financing statement.

5. A financing statement may provide the name of more than one debtor and the name of more than one secured party.

6. The name of the decedent indicated on the order appointing the personal representative of the decedent issued by the court having jurisdiction over the collateral is sufficient as the “name of the decedent” under paragraph (b) of subsection 1.

7. If this State has issued to a natural person more than one driver's license or, if none, more than one personal identification card, of a kind described in paragraph (d) of subsection 1, the driver's license or personal identification card, as applicable, that was issued most recently is the one to which paragraph (d) of subsection 1 refers.

8. In this section, the “ name of the settlor or testator ” means: (a) If the settlor is a registered organization, the name that is stated to be the settlor's name on the public organic record most recently filed with or issued or enacted by the registered settlor's jurisdiction of organization which purports to state, amend or restate the settlor's name; or (b) In other cases, the name of the settlor or testator indicated in the trust's organic record.
Nev. Rev. Stat. § 104.4214 — NV Code / Title 8 / Chapter 104 / Section 104.4214
Right of charge-back or refund; liability of collecting bank; return of item
Status: in_force

1. If a collecting bank has made provisional settlement with its customer for an item and fails by reason of dishonor, suspension of payments by a bank, or otherwise to receive a settlement for the item which is or becomes final, the bank may revoke the settlement given by it, charge back the amount of any credit given for the item to its customer's account, or obtain refund from its customer, whether or not it is able to return the item, if by its midnight deadline or within a longer reasonable time after it learns the facts it returns the item or sends notification of the facts. If the return or notice is delayed beyond the bank's midnight deadline or a longer reasonable time after it learns the facts, the bank may revoke the settlement, charge back the credit, or obtain refund from its customer, but it is liable for any loss resulting from the delay. These rights to revoke, charge back and obtain refund terminate if and when a settlement for the item received by the bank is or becomes final.

2. A collecting bank returns an item when it is sent or delivered to the bank's customer or transferor or pursuant to its instructions.

3. A depositary bank that is also the payor may charge back the amount of an item to its customer's account or obtain refund in accordance with the section governing return of an item received by a payor bank for credit on its books ( NRS 104.4301 ).

4. The right to charge back is not affected by: (a) Previous use of the credit given for the item; or (b) Failure by any bank to exercise ordinary care with respect to the item but a bank so failing remains liable.

5. A failure to charge back or claim refund does not affect other rights of the bank against the customer or any other party.

6. If credit is given in dollars as the equivalent of the value of an item payable in foreign money, the dollar amount of any charge back or refund must be calculated on the basis of the bank-offered spot rate for the foreign money prevailing on the day when the person entitled to the charge back or refund learns that it will not receive payment in ordinary course. If the return or notice is delayed beyond the bank's midnight deadline or a longer reasonable time after it learns the facts, the bank may revoke the settlement, charge back the credit, or obtain refund from its customer, but it is liable for any loss resulting from the delay.
Nev. Rev. Stat. § 104.2310 — NV Code / Title 8 / Chapter 104 / Section 104.2310
Open time for payment or running of credit; authority to ship under reservation
Status: in_force

Unless otherwise agreed:

1. Payment is due at the time and place at which the buyer is to receive the goods even though the place of shipment is the place of delivery; and

2. If the seller is authorized to send the goods the seller may ship them under reservation, and may tender the documents of title, but the buyer may inspect the goods after their arrival before payment is due unless such inspection is inconsistent with the terms of the contract ( NRS 104.2513 ); and

3. If delivery is authorized and made by way of documents of title otherwise than by subsection 2 then payment is due regardless of where the goods are to be received: (a) At the time and place at which the buyer is to receive delivery of the tangible documents; or (b) At the time the buyer is to receive delivery of the electronic documents and at the seller's place of business or if none, the seller's residence; and

4. Where the seller is required or authorized to ship the goods on credit the credit period runs from the time of shipment but postdating the invoice or delaying its dispatch will correspondingly delay the starting of the credit period.
Nev. Rev. Stat. § 104.9516 — NV Code / Title 8 / Chapter 104 / Section 104.9516
What constitutes filing; effectiveness of filing
Status: in_force

1. Except as otherwise provided in subsection 2, communication of a record to a filing office and tender of the filing fee or acceptance of the record by the filing office constitutes filing.

2. Filing does not occur with respect to a record that a filing office refuses to accept because: (a) The record is not communicated by a method or medium of communication authorized by the filing office; (b) An amount equal to or greater than the applicable filing fee is not tendered; (c) The filing office is unable to index the record because: (1) In the case of an initial financing statement, the record does not provide a name for the debtor; (2) In the case of an amendment or information statement, the record: (I) Does not identify the initial financing statement as required by NRS 104.9512 or 104.9518 , as applicable; or (II) Identifies an initial financing statement whose effectiveness has lapsed under NRS 104.9515 ; (3) In the case of an initial financing statement that provides the name of a debtor identified as a natural person or an amendment that provides a name of a debtor identified as a natural person which was not previously provided in the financing statement to which the record relates, the record does not identify the debtor's surname; or (4) In the case of a record filed or recorded in the filing office described in paragraph (a) of subsection 1 of NRS 104.9501 , the record does not provide a sufficient description of the real property to which it relates; (d) In the case of an initial financing statement or an amendment that adds a secured party of record, the record does not provide a name and mailing address for the secured party of record; (e) In the case of an initial financing statement or an amendment that provides a name of a debtor which was not previously provided in the financing statement to which the amendment relates, the record does not: (1) Provide a mailing address for the debtor; or (2) Indicate whether the name provided as the name of the debtor is the name of a natural person or an organization; (f) In the case of an assignment reflected in an initial financing statement under subsection 1 of NRS 104.9514 or an amendment filed under subsection 2 of that section, the record does not provide a name and mailing address for the assignee; (g) In the case of a continuation statement, the record is not filed within the 6-month period prescribed by subsection 4 of NRS 104.9515 ; or (h) The record lists a public official of a governmental unit as a debtor and the public official has not authorized the filing of the information in an authenticated record as required pursuant to NRS 104.9509 .

3. For purposes of subsection 2: (a) A record does not provide information if the filing office is unable to read or decipher the information; and (b) A record that does not indicate that it is an amendment or identify an initial financing statement to which it relates, as required by NRS 104.9512 , 104.9514 or 104.9518 , is an initial financing statement.

4. A record that is communicated to the filing office with tender of the filing fee, but which the filing office refuses to accept for a reason other than one set forth in subsection 2, is effective as a filed record except as against a purchaser of the collateral which gives value in reasonable reliance upon the absence of the record from the files.
Nev. Rev. Stat. § 104.8504 — NV Code / Title 8 / Chapter 104 / Section 104.8504
Duty of securities intermediary to maintain financial asset
Status: in_force

1. A securities intermediary shall promptly obtain and thereafter maintain a financial asset in a quantity corresponding to the aggregate of all security entitlements it has established in favor of its entitlement holders with respect to that financial asset. The securities intermediary may maintain those financial assets directly or through one or more other securities intermediaries.

2. Except to the extent otherwise agreed by its entitlement holder, a securities intermediary may not grant any security interests in a financial asset it is obligated to maintain pursuant to subsection 1.

3. A securities intermediary satisfies the duty under subsection 1 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 obtain and maintain the financial asset.

4. This section does not apply to a clearing corporation that is the obligor of an option or similar obligation to which its entitlement holders have security entitlements.