Nevada § 104.9601 - Rights after default; judicial enforcement; effect on consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes
Full text of Nevada Nevada Revised Statutes § 104.9601 — Rights after default; judicial enforcement; effect on consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes, with citation guidance and answers to common questions.
§ 104.9601. Rights after default; judicial enforcement; effect on consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes
1. After default, a secured party has the rights provided in this part and, except
as otherwise provided in NRS 104.9602 , those provided by agreement of the parties. A secured party: (a) May reduce a claim to judgment, foreclose, or otherwise enforce the claim, security
interest, or agricultural lien by any available judicial procedure; and (b) If the collateral is documents, may proceed either as to the documents or as to
the goods they cover. 2. A secured party in possession of collateral or control of collateral under NRS 104.7106 , 104.9104 , 104.9105 , 104.9106 , 104.9107 or 104.910701 has the rights and duties provided in NRS 104.9207 . 3. The rights under subsections 1 and 2 are cumulative and may be exercised simultaneously. 4. Except as otherwise provided in subsection 7 and NRS 104.9605 , after default, a debtor and an obligor have the rights provided in this part and
by agreement of the parties. 5. If a secured party has reduced its claim to judgment, the lien of any levy that
may be made upon the collateral by virtue of an execution based upon the judgment
relates back to the earliest of: (a) The date of perfection of the security interest or agricultural lien in the collateral; (b) The date of filing a financing statement covering the collateral; or (c) Any date specified in a statute under which the agricultural lien was created. 6. A sale pursuant to an execution is a foreclosure of the security interest or agricultural
lien by judicial procedure within the meaning of this section. A secured party may purchase at the sale and thereafter hold the collateral free
of any other requirements of this Article. 7. Except as otherwise provided in subsection 3 of NRS 104.9607 , this part imposes no duties upon a secured party that is a consignor or is a buyer
of accounts, chattel paper, payment intangibles or promissory notes.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 104.9601
What does Nevada Revised Statutes § 104.9601 cover?
Section 104.9601 ("Rights after default; judicial enforcement; effect on consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes") 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 § 104.9601?
A common citation format is "Nevada Revised Statutes § 104.9601" (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 § 104.9601 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.