2. A subordinate interest is discharged or terminated under subsection 1 even if the secured party fails to comply with this article.
NRS 104.9622
Effect of acceptance of collateral in satisfaction of obligation
Known as the Uniform Commercial Code
The act spans §§ 104–104 (489 sections).
(Added to NRS by 1999, 358)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.