{"data":{"id":"us-nv/nrs-104.9329","jurisdiction":"us-nv","citation":"NRS 104.9329","heading":"Priority among conflicting security interests in same letter-of-credit right.","body":"The following rules govern priority among conflicting security interests in the same letter-of-credit right:\n1. 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.\n2. Security interests perfected by control under NRS 104.9314 rank according to priority in time of obtaining control.","path":["TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES","SECURED TRANSACTIONS","Perfection and Priority"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-104.html#NRS104Sec9329","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"86096a24017b3f5637dd77867d0748e97e129c1fb6d9829bf4e2d7527eb70a1b","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-104.9328","next":"us-nv/nrs-104.9330"},"notice":"GroundRules: Original legal text. Not legal advice."}