Nevada § 104.9323 - Future advances
Full text of Nevada Nevada Revised Statutes § 104.9323 — Future advances, with citation guidance and answers to common questions.
§ 104.9323. Future advances
1. Except as otherwise provided in subsection 3, for purposes of determining the priority
of a perfected security interest under subsection 1 of NRS 104.9322 , perfection of the security interest dates from the time an advance is made to the
extent that the security interest secures an advance that: (a) Is made while the security interest is perfected only: (1) Under NRS 104.9309 when it attaches; or (2) Temporarily under subsection 5, 6 or 7 of NRS 104.9312 ; and (b) Is not made pursuant to a commitment entered into before or while the security
interest is perfected by a method other than under NRS 104.9309 or subsection 5 , 6 or 7 of NRS 104.9312 . 2. Except as otherwise provided in subsection 3, a security interest is subordinate
to the rights of a person that becomes a lien creditor to the extent that the security
interest secures an advance made more than 45 days after he or she becomes a lien
creditor unless the advance is made: (a) Without knowledge of the lien; or (b) Pursuant to a commitment entered into without knowledge of the lien. 3. Subsections 1 and 2 do not apply to a security interest held by a secured party
that is a buyer of accounts, chattel paper, payment intangibles, or promissory notes
or a consignor. 4. Except as otherwise provided in subsection 5, a buyer of goods takes free of a
security interest to the extent that it secures advances made after the earlier of: (a) The time the secured party acquires knowledge of the buyer's purchase; or (b) Forty-five days after the purchase. 5. Subsection 4 does not apply if the advance is made pursuant to a commitment entered
into without knowledge of the buyer's purchase and before the expiration of the 45-day
period. 6. Except as otherwise provided in subsection 7, a lessee of goods takes the leasehold
free of a security interest to the extent that it secures advances made after the
earlier of: (a) The time the secured party acquires knowledge of the lease; or (b) Forty-five days after the lease contract becomes enforceable. 7. Subsection 6 does not apply if the advance is made pursuant to a commitment entered
into without knowledge of the lease and before the expiration of the 45-day period.
Frequently Asked Questions About Nevada § 104.9323
What does Nevada Revised Statutes § 104.9323 cover?
Section 104.9323 ("Future advances") 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 § 104.9323?
A common citation format is "Nevada Revised Statutes § 104.9323" (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 § 104.9323 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.