Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 104.9325 - Priority of security interests in transferred collateral1. 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.Added to NRS by 1999, 316Added to NRS by 1999, 316