reglab/housing_qa huggingface dataset:
NV Rev Stat § 104.7504 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.7504 - Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery.

  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.  (Added to NRS by 2005, 846)
NV Rev Stat § 104.7505 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.7505 - Endorser not guarantor for other parties.

The endorsement of a tangible document of title issued by a bailee does not make the endorser liable for any default by the bailee or previous endorsers.  (Added to NRS by 2005, 846)
NV Rev Stat § 104.7506 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.7506 - Delivery without endorsement; right to compel endorsement.

The transferee of a negotiable tangible document of title has a specifically enforceable right to have its transferor supply any necessary endorsement, but the transfer becomes a negotiation only as of the time the endorsement is supplied.  (Added to NRS by 2005, 846)
NV Rev Stat § 104.7507 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.7507 - Warranties on negotiation or delivery of document of title.

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under NRS 104.7508, unless otherwise agreed, the transferor, in addition to any warranty made in selling or leasing the goods, warrants to its immediate purchaser only that:  1. The document is genuine;  2. The transferor does not have knowledge of any fact that would impair the document’s validity or worth; and  3. The negotiation or delivery is rightful and fully effective with respect to the title to the document and the goods it represents.  (Added to NRS by 2005, 846)
NV Rev Stat § 104.7508 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.7508 - Warranties of collecting bank as to documents of title.

A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft or other claim against delivery of documents warrants by the delivery of the documents only its own good faith and authority even if the collecting bank or other intermediary has purchased or made advances against the claim or draft to be collected.  (Added to NRS by 2005, 847)
NV Rev Stat § 104.7509 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.7509 - Adequate compliance with commercial contract.

Whether a document of title is adequate to fulfill the obligations of a contract for sale, a contract for lease, or the conditions of a letter of credit is determined by Article 2, 5 or 2A.  (Added to NRS by 2005, 847)
NV Rev Stat § 104.7601 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.7601 - Lost, stolen or destroyed documents of title.

  1. If a document of title is lost, stolen or destroyed, a court may order delivery of the goods or issuance of a substitute document and the bailee may without liability to any person comply with the order. If the document was negotiable, a court may not order delivery of the goods or issuance of a substitute document without the claimant’s posting security unless it finds that any person that may suffer loss as a result of nonsurrender of possession or control of the document is adequately protected against the loss. If the document was nonnegotiable, the court may require security. The court may also order payment of the bailee’s reasonable costs and attorney’s fees in any action under this subsection.  2. A bailee that, without a court order, delivers goods to a person claiming under a missing negotiable document of title is liable to any person injured thereby. If the delivery is not in good faith, the bailee is liable for conversion. Delivery in good faith is not conversion if the claimant posts security with the bailee in an amount at least double the value of the goods at the time of posting to indemnify any person injured by the delivery who files a notice of claim within 1 year after the delivery.  (Added to NRS by 2005, 847)
NV Rev Stat § 104.7602 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.7602 - Judicial process against goods covered by negotiable document of title.

Unless a document of title was originally issued upon delivery of the goods by a person that did not have power to dispose of them, a lien does not attach by virtue of any judicial process to goods in the possession of a bailee for which a negotiable document of title is outstanding unless possession or control of the document is first surrendered to the bailee or the document’s negotiation is enjoined. The bailee may not be compelled to deliver the goods pursuant to process until possession or control of the document is surrendered to the bailee or to the court. A purchaser of the document for value without notice of the process or injunction takes free of the lien imposed by judicial process.  (Added to NRS by 2005, 847)
NV Rev Stat § 104.7603 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.7603 - Conflicting claims; interpleader.

If more than one person claims title to or possession of the goods, the bailee is excused from delivery until the bailee has a reasonable time to ascertain the validity of the adverse claims or to commence an action for interpleader. The bailee may assert an interpleader either in defending an action for nondelivery of the goods or by original action.  (Added to NRS by 2005, 847)
NV Rev Stat § 104.8101 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8101 - Short title.

This article may be cited as Uniform Commercial Code — Investment Securities.  (Added to NRS by 1965, 876; A 1997, 384)
NV Rev Stat § 104.8103 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8103 - Rules for determining whether certain obligations and interests are securities or financial assets.

  1. A share or similar equity interest issued by a corporation, business trust, joint stock company or similar entity is a security.  2. An investment company security is a security. "Investment company security" means a share or similar equity interest issued by an entity that is registered as an investment company under the federal investment company laws, an interest in a unit investment trust that is so registered or a face-amount certificate issued by a face-amount certificate company that is so registered. The term does not include an insurance policy or endowment policy or annuity contract issued by an insurance company.  3. An interest in a partnership or limited-liability company is not a security unless it is dealt in or traded on securities exchanges or in securities markets, its terms expressly provide that it is a security governed by this Article, or it is an investment company security. However, an interest in a partnership or limited-liability company is a financial asset if it is held in a securities account.  4. A writing that is a security certificate is governed by this Article and not by Article 3, even though it also meets the requirements of that Article. However, a negotiable instrument governed by Article 3 is a financial asset if it is held in a securities account.  5. An option or similar obligation issued by a clearing corporation to its participants is not a security, but is a financial asset.  6. A commodity contract, as defined in paragraph (o) of subsection 1 of NRS 104.9102, is not a security or a financial asset.  7. A document of title is not a financial asset unless subparagraph 3 of paragraph (j) of subsection 1 of NRS 104.8102 applies.  (Added to NRS by 1997, 359; A 1999, 376; 2005, 859)
NV Rev Stat § 104.8104 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8104 - Acquisition of security or financial asset or interest therein.

  1. A person acquires a security, or an interest therein, under this article, if the person:  (a) Is a purchaser to whom a security is delivered pursuant to NRS 104.8301; or  (b) Acquires a security entitlement to the security pursuant to NRS 104.8501.  2. A person acquires a financial asset, other than a security, or an interest therein, under this article, if the person acquires a security entitlement to the financial asset.  3. A person who acquires a security entitlement to a security or other financial asset has the rights specified in part 5 of this article, but is a purchaser of any security, security entitlement or other financial asset held by the securities intermediary only to the extent provided in NRS 104.8503.  4. Unless the context shows that a different meaning is intended, a person who is required by other law, regulation, rule or agreement to transfer, deliver, present, surrender, exchange or otherwise put in the possession of another person a security or financial asset satisfies that requirement by causing the other person to acquire an interest in the security or financial asset pursuant to subsection 1 or 2.  (Added to NRS by 1997, 360)
NV Rev Stat § 104.8105 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8105 - Notice of adverse claim.

  1. A person has notice of an adverse claim if the person:  (a) Knows of the adverse claim;  (b) Is aware of facts sufficient to indicate that there is a significant probability that the adverse claim exists and deliberately avoids information that would establish the existence of the adverse claim; or  (c) Has a duty, imposed by statute or regulation, to investigate whether an adverse claim exists, and the investigation so required would establish the existence of the adverse claim.  2. Having knowledge that a financial asset or interest therein is or has been transferred by a representative imposes no duty of inquiry into the rightfulness of a transaction and is not notice of an adverse claim. However, a person who knows that a representative has transferred a financial asset or interest therein in a transaction that is, or whose proceeds are being used, for the individual benefit of the representative or otherwise in breach of duty has notice of an adverse claim.  3. An act or event that creates a right to immediate performance of the principal obligation represented by a security certificate or sets a date on or after which the certificate is to be presented or surrendered for redemption or exchange does not itself constitute notice of an adverse claim except in the case of a transfer more than:  (a) One year after a date set for presentment or surrender for redemption or exchange; or  (b) Six months after a date set for payment of money against presentation or surrender of the certificate, if money was available for payment on that date.  4. A purchaser of a certificated security has notice of an adverse claim if the security certificate:  (a) Whether in bearer or registered form, has been endorsed "for collection" or "for surrender" or for some other purpose not involving transfer; or  (b) Is in bearer form and has on it an unambiguous statement that it is the property of a person other than the transferor, but the mere writing of a name on the certificate is not such a statement.  5. Filing of a financing statement under article 9 is not notice of an adverse claim to a financial asset.  (Added to NRS by 1965, 881; A 1985, 95; 1997, 396)
NV Rev Stat § 104.8106 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8106 - Control.

  1. A purchaser has "control" of a certificated security in bearer form if it is delivered to the purchaser.  2. A purchaser has "control" of a certificated security in registered form if it is delivered to the purchaser and:  (a) The certificate is endorsed to the purchaser or in blank by an effective endorsement; or  (b) The certificate is registered in the purchaser’s name, upon original issue or registration of transfer by the issuer.  3. A purchaser has "control" of an uncertificated security if:  (a) It is delivered to the purchaser; or  (b) The issuer has agreed that it will comply with instructions originated by him or her without further consent by the registered owner.  4. A purchaser has "control" of a security entitlement if:  (a) The purchaser becomes the entitlement holder;  (b) The securities intermediary has agreed that it will comply with entitlement orders originated by him or her without further consent by the entitlement holder; or  (c) Another person has control of the security entitlement on his or her behalf or, having previously acquired control of the security entitlement, acknowledges that it has control on his or her behalf.  5. If an interest in a security entitlement is granted by the entitlement holder to the entitlement holder’s own securities intermediary, the securities intermediary has control.  6. A purchaser who has satisfied the requirements of subsection 3 or 4 has control even if the registered owner in the case of subsection 3 or the entitlement holder in the case of subsection 4 retains the right to make substitutions for the uncertificated security or security entitlement, originate instructions or entitlement orders to the issuer or securities intermediary or otherwise deal with the uncertificated security or security entitlement.  7. An issuer or a securities intermediary may not enter into an agreement of the kind described in paragraph (b) of subsection 3 or paragraph (b) of subsection 4 without the consent of the registered owner or entitlement holder, but an issuer or a securities intermediary is not required to enter into such an agreement even if the registered owner or entitlement holder so directs. An issuer or securities intermediary that has entered into such an agreement is not required to confirm the existence of the agreement to another party unless requested to do so by the registered owner or entitlement holder.  (Added to NRS by 1997, 360; A 1999, 376)
NV Rev Stat § 104.8107 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8107 - Whether endorsement, instruction or entitlement order is effective.

  1. "Appropriate person" means:  (a) With respect to an endorsement, the person specified by a security certificate or by an effective special endorsement to be entitled to the security;  (b) With respect to an instruction, the registered owner of an uncertificated security;  (c) With respect to an entitlement order, the entitlement holder;  (d) If the person designated in paragraph (a), (b) or (c) is deceased, his or her successor taking under other law or his or her personal representative acting for his or her estate; or  (e) If the person designated in paragraph (a), (b) or (c) lacks capacity, his or her guardian, conservator or other similar representative who has power under other law to transfer the security or financial asset.  2. An endorsement, instruction or entitlement order is effective if:  (a) It is made by the appropriate person;  (b) It is made by a person who has power under the law of agency to transfer the security or financial asset on behalf of the appropriate person, including, in the case of an instruction or entitlement order, a person who has control under paragraph (b) of subsection 3 or paragraph (b) of subsection 4 of NRS 104.8106; or  (c) The appropriate person has ratified it or is otherwise precluded from asserting its ineffectiveness.  3. An endorsement, instruction or entitlement order made by a representative is effective even if:  (a) The representative has failed to comply with a controlling instrument or with the law of the state having jurisdiction of the representative relationship, including any law requiring the representative to obtain court approval of the transaction; or  (b) The representative’s action in making the endorsement, instruction or entitlement order or using the proceeds of the transaction is otherwise a breach of duty.  4. If a security is registered in the name of or specially endorsed to a person described as a representative, or if a securities account is maintained in the name of a person described as a representative, an endorsement, instruction or entitlement order made by him or her is effective even though the person is no longer serving in the described capacity.  5. Effectiveness of an endorsement, instruction or entitlement order is determined as of the date the endorsement, instruction or entitlement order is made, and an endorsement, instruction or entitlement order does not become ineffective by reason of any later change of circumstances.  (Added to NRS by 1997, 361)
NV Rev Stat § 104.8109 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8109 - Warranties in indirect holding.

  1. A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary that:  (a) The entitlement order is made by an appropriate person, or if the entitlement order is by an agent, the agent has actual authority to act on behalf of the appropriate person; and  (b) There is no adverse claim to the security entitlement.  2. A person who delivers a security certificate to a securities intermediary for credit to a securities account or originates an instruction with respect to an uncertificated security directing that the uncertificated security be credited to a securities account makes to the securities intermediary the warranties specified in subsection 1 or 2 of NRS 104.8108.  3. If a securities intermediary delivers a security certificate to its entitlement holder or causes its entitlement holder to be registered as the owner of an uncertificated security, the securities intermediary makes to the entitlement holder the warranties specified in subsection 1 or 2 of NRS 104.8108.  (Added to NRS by 1997, 363)
NV Rev Stat § 104.8111 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8111 - Rules of clearing corporation.

A rule adopted by a clearing corporation governing rights and obligations among the clearing corporation and its participants in the clearing corporation is effective even if the rule conflicts with the Uniform Commercial Code and affects another party who does not consent to the rule.  (Added to NRS by 1997, 364)
NV Rev Stat § 104.8112 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8112 - Creditor’s legal process.

  1. Except as otherwise provided in subsection 4, the interest of a debtor in a certificated security may be reached by a creditor only by actual seizure of the security certificate by the officer making the attachment or levy. However, a certificated security for which the certificate has been surrendered to the issuer may be reached by a creditor by legal process upon the issuer.  2. Except as otherwise provided in subsection 4, the interest of a debtor in an uncertificated security may be reached by a creditor only by legal process upon the issuer at its chief executive office in the United States.  3. Except as otherwise provided in subsection 4, the interest of a debtor in a security entitlement may be reached by a creditor only by legal process upon the securities intermediary with whom the debtor’s securities account is maintained.  4. The interest of a debtor in a certificated security for which the certificate is in the possession of a secured party, or in an uncertificated security registered in the name of a secured party, or a security entitlement maintained in the name of a secured party, may be reached by a creditor by legal process upon the secured party.  5. A creditor whose debtor is the owner of a certificated security, uncertificated security or security entitlement is entitled to aid from a court of competent jurisdiction, by injunction or otherwise, in reaching the certificated security, uncertificated security or security entitlement or in satisfying the claim by means allowed at law or in equity in regard to property that cannot readily be reached by other legal process.  (Added to NRS by 1965, 885; A 1985, 106; 1989, 587; 1997, 397)
NV Rev Stat § 104.8113 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8113 - Statute of frauds inapplicable.

A contract or modification of a contract for the sale or purchase of a security is enforceable whether or not there is a writing signed or record authenticated by a party against whom enforcement is sought, even if the contract or modification is not capable of performance within 1 year after its making.  (Added to NRS by 1965, 885; A 1985, 107; 1997, 399)
NV Rev Stat § 104.8114 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8114 - Evidentiary rules concerning certificated securities.

The following rules apply in an action on a certificated security against an issuer:  1. Unless specifically denied in the pleadings, each signature on a security certificate or in a necessary endorsement is admitted.  2. If the effectiveness of a signature is put in issue, the burden of establishing effectiveness is on the party claiming under the signature, but the signature is presumed to be genuine or authorized.  3. If signatures on a security certificate are admitted or established, production of the certificate entitles a holder to recover on it unless the defendant establishes a defense or a defect going to the validity of the security.  4. If it is shown that a defense or defect exists, the plaintiff has the burden of establishing that he or she or some person under whom he or she claims is a person against whom the defense or defect cannot be asserted.  (Added to NRS by 1965, 877; A 1985, 88; 1997, 389)