2013 Nevada Revised Statutes
Chapter 104 - Uniform Commercial Code—Original Articles
NRS 104.9318 - No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers.
1. A debtor that has sold an account, chattel paper, payment intangible or promissory note does not retain a legal or equitable interest in the collateral sold.
2. For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper, while the buyer s security interest is unperfected, the debtor has rights and title to the account or chattel paper identical to those the debtor sold.
(Added to NRS by 1999, 312; A 2003, 3190)
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