Nevada § 104.9322 - Priorities among conflicting security interests in and agricultural liens on same collateral

§ 104.9322. Priorities among conflicting security interests in and agricultural liens on same collateral

1. Except as otherwise provided in this section, priority among conflicting security

interests and agricultural liens in the same collateral is determined according to

the following rules: (a) Conflicting perfected security interests and agricultural liens rank according

to priority in time of filing or perfection. Priority dates from the earlier of the time a filing covering the collateral is first

made or the security interest or agricultural lien is first perfected, if there is

no period thereafter when there is neither filing nor perfection. (b) A perfected security interest or agricultural lien has priority over a conflicting

unperfected security interest or agricultural lien. (c) The first security interest or agricultural lien to attach or become effective

has priority if conflicting security interests and agricultural liens are unperfected. 2. For the purposes of paragraph (a) of subsection 1: (a) The time of filing or perfection as to a security interest in collateral is also

the time of filing or perfection as to a security interest in proceeds; and (b) The time of filing or perfection as to a security interest in collateral supported

by a supporting obligation is also the time of filing or perfection as to a security

interest in the supporting obligation. 3. Except as otherwise provided in subsection 6, a security interest in collateral

which qualifies for priority over a conflicting security interest under NRS 104.9327 , 104.9328 , 104.9329 , 104.9330 or 104.9331 also has priority over a conflicting security interest in: (a) Any supporting obligation for the collateral; and (b) Proceeds of the collateral if: (1) The security interest in proceeds is perfected; (2) The proceeds are cash proceeds or of the same type as the collateral; and (3) In the case of proceeds that are proceeds of proceeds, all intervening proceeds

are cash proceeds, proceeds of the same type as the collateral, or an account relating

to the collateral. 4. Subject to subsection 5 and except as otherwise provided in subsection 6, if a

security interest in chattel paper, deposit accounts, negotiable documents, instruments,

investment property or letter-of-credit rights is perfected by a method other than

filing, conflicting perfected security interests in proceeds of the collateral rank

according to priority in time of filing. 5. Subsection 4 applies only if the proceeds of the collateral are not cash proceeds,

chattel paper, negotiable documents, instruments, investment property or letter-of-credit

rights. 6. Subsections 1 to 5, inclusive, are subject to: (a) Subsection 7 and the other provisions of this part; (b) NRS 104.4210 with respect to a security interest of a collecting bank; (c) NRS 104.5118 with respect to a security interest of an issuer or nominated person; and (d) NRS 104.9110 with respect to a security interest arising under article 2 or 2A. 7. A perfected agricultural lien on collateral has priority over a conflicting security

interest in or agricultural lien on the same collateral if the statute creating the

agricultural lien so provides.