Negotiation
Known as the Uniform Commercial Code
The act spans §§ 104–104 (489 sections).
Applied in 4 court decisions — leading case Edelstein v. Bank of New York Mellon (2012)
Most recently applied in In re Phillips (April 2013)
(Added to NRS by 1965, 823; A 1993, 1268)
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
1. “Negotiation” means a transfer of possession, whether voluntary or involuntary, of an instrument by a person other than the issuer to a person who thereby becomes its holder.
2. Except for negotiation by a remitter, if an instrument is payable to an identified person, negotiation requires transfer of possession of the instrument and its endorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.