Nevada § 104B.12104 - Rights in controllable account, controllable electronic record and controllable payment intangible

§ 104B.12104. Rights in controllable account, controllable electronic record and controllable payment intangible

1. This section applies to the acquisition and purchase of rights in a controllable

account or controllable payment intangible, including the rights and benefits under

subsections 3, 4, 5, 7 and 8 of a purchaser and qualifying purchaser, in the same

manner this section applies to a controllable electronic record. 2. To determine whether a purchaser of a controllable account or a controllable payment

intangible is a qualifying purchaser, the purchaser obtains control of the account

or payment intangible if it obtains control of the controllable electronic record

that evidences the account or payment intangible. 3. Except as provided in this section, law other than this Article determines whether

a person acquires a right in a controllable electronic record and the right the person

acquires. 4. A purchaser of a controllable electronic record acquires all rights in the controllable

electronic record that the transferor had or had power to transfer, except that a

purchaser of a limited interest in a controllable electronic record acquires rights

only to the extent of the interest purchased. 5. A qualifying purchaser acquires its rights in the controllable electronic record

free of a claim of a property right in the controllable electronic record. 6. Except as provided in subsections 1 and 5 for a controllable account and a controllable

payment intangible or law other than this Article, a qualifying purchaser takes a

right to payment, right to performance or other interest in property evidenced by

the controllable electronic record subject to a claim of a property right in the right

to payment, right to performance or other interest in property. 7. An action may not be asserted against a qualifying purchaser based on both a purchase

by the qualifying purchaser of a controllable electronic record and a claim of a property

right in another controllable electronic record, whether the action is framed in conversion,

replevin, constructive trust, equitable lien or other theory. 8. Filing of a financing statement under Article 9 is not notice of a claim of a property

right in a controllable electronic record.