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NRS 104.9209

Duties of secured party if account debtor has been notified of assignment

Known as the Uniform Commercial Code

The act spans §§ 104–104 (489 sections).

(Added to NRS by 1999, 300; A 2023, 3209)

2. Within 10 days after receiving a signed demand by the debtor, a secured party shall send to an account debtor that has received notification under subsection 1 of NRS 104.9406 or subsection 2 of NRS 104B.12106 of an assignment to the secured party as assignee a signed record that releases the account debtor from any further obligation to the secured party.

3. This section does not apply to an assignment constituting the sale of an account, chattel paper or payment intangible.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.