NRS 104A.4301 – Execution and execution date.
1. A payment order is “executed” by the receiving bank when it issues a payment order intended to carry out the payment order received by the bank. A payment order received by the beneficiary’s bank can be accepted but cannot be executed. 2. “Execution date” of a payment order means the day on which the […]
NRS 104A.4302 – Obligation of receiving bank in execution of payment order.
1. Except as otherwise provided in subsections 2, 3 and 4, if the receiving bank accepts a payment order pursuant to subsection 1 of NRS 104A.4209, the bank has the following obligations in executing the order: (a) The receiving bank is obliged to issue, on the execution date, a payment order complying with the sender’s […]
NRS 104A.4303 – Erroneous execution of payment order.
1. A receiving bank that executes the payment order of the sender by issuing a payment order in an amount greater than the amount of the sender’s order, or issues a payment order in execution of the sender’s order and then issues a duplicate order, is entitled to payment of the amount of the sender’s […]
NRS 104A.4304 – Duty of sender to report erroneously executed payment order.
If the sender of a payment order that is erroneously executed as stated in NRS 104A.4303 receives notification from the receiving bank that the order was executed or that the sender’s account was debited with respect to the order, the sender has a duty to exercise ordinary care to determine, on the basis of information […]
NRS 104A.4305 – Liability for late or improper execution or failure to execute payment order.
1. If a funds transfer is completed but execution of a payment order by the receiving bank in breach of NRS 104A.4302 results in delay in payment to the beneficiary, the bank is obliged to pay interest to either the originator or the beneficiary of the funds transfer for the period of delay caused by […]
NRS 104A.2311 – Priority subject to subordination.
Nothing in this article prevents subordination by agreement by any person entitled to priority. (Added to NRS by 1991, 422)
NRS 104A.2303 – Alienability of party’s interest under lease contract or of lessor’s residual interest in goods; delegation of performance; transfer of rights.
1. As used in this section, “creation of a security interest” includes the sale of a lease contract that is subject to Article 9, Secured Transactions, by reason of paragraph (c) of subsection 1 of NRS 104.9109. 2. Except as otherwise provided in subsection 3 and NRS 104.9407, a provision in a lease agreement which: […]
NRS 104A.2304 – Subsequent lease of goods by lessor.
1. Subject to the provisions of NRS 104A.2303, a subsequent lessee from a lessor of goods under an existing lease contract obtains, to the extent of the lease-hold interest transferred, the leasehold interest in the goods that the lessor had or had power to transfer, and except as provided in subsection 2 of this section […]
NRS 104A.2305 – Sale or sublease of goods by lessee.
1. Subject to the provisions of NRS 104A.2303, a buyer or sublessee from the lessee of goods under an existing lease contract obtains, to the extent of the interest transferred, the leasehold interest in the goods that the lessee had or had power to transfer, and except as provided in subsection 2 of this section […]
NRS 104A.2306 – Priority of certain liens arising by operation of law.
If a person in the ordinary course of his or her business furnishes services or materials with respect to goods subject to a lease contract, a lien upon those goods in the possession of that person given by statute or rule of law for those materials or services takes priority over any interest of the […]