Nevada § 107A.340 - Perfection and priority of assignee's security interest in proceeds

§ 107A.340. Perfection and priority of assignee's security interest in proceeds

1. An assignee's security interest in identifiable cash proceeds is perfected if its

security interest in rents is perfected. An assignee's security interest in identifiable noncash proceeds is perfected only

if the assignee perfects that interest in accordance with Article 9. 2. Except as otherwise provided in subsection 3, priority between an assignee's security

interest in identifiable proceeds and a conflicting interest is governed by the priority

rules in Article 9. 3. An assignee's perfected security interest in identifiable cash proceeds is subordinate

to a conflicting interest that is perfected by control under Article 9 but has priority

over a conflicting interest that is perfected other than by control. 4. As used in this section: (a) “ Article 9 ” means NRS 104.9101 to 104.9709 , inclusive, or, to the extent applicable to any particular issue, Article 9 of the Uniform Commercial Code as adopted by the state whose laws govern that issue under the choice-of-laws rules

contained in NRS 104.9101 to 104.9709 , inclusive. (b) “ Conflicting interest ” means an interest in proceeds, held by a person other than an assignee, that is: (1) A security interest arising under Article 9; or (2) Any other interest if Article 9 resolves the priority conflict between that person

and a secured party with a conflicting security interest in the proceeds.