Priority among conflicting security interests in same letter-of-credit right.
Nev. Rev. Stat. § 104.9329
in effectThe following rules govern priority among conflicting security interests in the same letter-of-credit right:
1. A security interest held by a secured party having control of the letter-of-credit right under NRS 104.9107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.
2. Security interests perfected by control under NRS 104.9314 rank according to priority in time of obtaining control.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-104.htmlFetched: 10/4/2026