Law governing perfection and priority of security interests in controllable accounts, controllable electronic records and controllable payment intangibles.

NRS

104.930602

Law governing perfection and priority of security interests in controllable accounts, controllable electronic records and controllable payment intangibles.

1. Except as provided in subsection 2, the law of the controllable electronic record’s jurisdiction specified in subsections 3 and 4 of NRS 104B.12107 governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record.

2. The law of the jurisdiction in which the debtor is located governs:

(a) Perfection of a security interest in a controllable account, controllable electronic record or controllable payment intangible by filing; and

(b) Automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.

(Added to NRS by 2023, 3168 )