Nevada § 104.9206 - Security interest arising in purchase or delivery of financial asset
Full text of Nevada Nevada Revised Statutes § 104.9206 — Security interest arising in purchase or delivery of financial asset, with citation guidance and answers to common questions.
§ 104.9206. Security interest arising in purchase or delivery of financial asset
1. A security interest in favor of a securities intermediary attaches to a person's
security entitlement if: (a) The person buys a financial asset through the securities intermediary in a transaction
in which the person is obligated to pay the purchase price to the securities intermediary
at the time of the purchase; and (b) The securities intermediary credits the financial asset to the person’s securities
account before he or she pays the securities intermediary. 2. The security interest described in subsection 1 secures the buyer's obligation
to pay for the financial asset. 3. A security interest in favor of a person that delivers a certificated security
or other financial asset represented by a writing attaches to the security or other
financial asset if: (a) The security or other financial asset: (1) In the ordinary course of business is transferred by delivery with any necessary
endorsement or assignment; and (2) Is delivered under an agreement between persons in the business of dealing with
such securities or financial assets; and (b) The agreement calls for delivery against payment. 4. The security interest described in subsection 3 secures the obligation to make
payment for the delivery.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 104.9206
What does Nevada Revised Statutes § 104.9206 cover?
Section 104.9206 ("Security interest arising in purchase or delivery of financial asset") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 104.9206?
A common citation format is "Nevada Revised Statutes § 104.9206" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 104.9206 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.