{"data":{"id":"us-nv/nrs-104.9208","jurisdiction":"us-nv","citation":"NRS 104.9208","heading":"Additional duties of secured party having control of collateral.","body":"If there is no outstanding secured obligation and the secured party is not committed to make advances, incur obligations or otherwise give value, within 10 days after receiving a signed demand by the debtor:\n1. A secured party having control of a deposit account under paragraph (b) of subsection 1 of NRS 104.9104 shall send to the bank with which the deposit account is maintained a signed record that releases the bank from any further obligation to comply with instructions originated by the secured party;\n2. A secured party having control of a deposit account under paragraph (c) of subsection 1 of NRS 104.9104 shall:\n(a) Pay the debtor the balance on deposit in the deposit account; or\n(b) Transfer the balance on deposit into a deposit account in the debtor’s name;\n3. A purchaser, other than a buyer, having control under NRS 104.9105 of an authoritative electronic copy of a record evidencing chattel paper shall transfer control of the electronic copy to the debtor or a person designated by the debtor;\n4. A secured party having control of investment property under paragraph (b) of subsection 4 of NRS 104.8106 or under subsection 2 of NRS 104.9106 shall send to the securities intermediary or commodity intermediary with which the security entitlement or commodity contract is maintained a signed record that releases the securities intermediary or commodity intermediary from any further obligation to comply with entitlement orders or directions originated by the secured party;\n5. A secured party having control of a letter-of-credit right under NRS 104.9107 shall send to each person having an unfulfilled obligation to pay or deliver proceeds of the letter of credit to the secured party a signed release from any further obligation to pay or deliver proceeds of the letter of credit to the secured party;\n6. A secured party having control under NRS 104.7106 of an authoritative electronic copy of an electronic document shall transfer control of the electronic copy to the debtor or a person designated by the debtor; and\n7. A secured party having control under NRS 104B.12105 of a controllable electronic record, other than a buyer of a controllable account or controllable payment intangible evidenced by the controllable electronic record, shall transfer control of the controllable electronic record to the debtor or a person designated by the debtor.","path":["TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES","SECURED TRANSACTIONS","Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-104.html#NRS104Sec9208","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"2c3b19ea47128d48a6970c96457da2d912b4418b3a23947d43a73ae9e209eeff","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-104.9207","next":"us-nv/nrs-104.9209"},"notice":"GroundRules: Original legal text. Not legal advice."}