{"data":{"id":"us-nv/nrs-104.9618","jurisdiction":"us-nv","citation":"NRS 104.9618","heading":"Rights and duties of certain secondary obligors.","body":"1. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:\n(a) Receives an assignment of a secured obligation from the secured party;\n(b) Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or\n(c) Is subrogated to the rights of a secured party with respect to collateral.\n2. An assignment, transfer or subrogation described in subsection 1:\n(a) Is not a disposition of collateral under NRS 104.9610; and\n(b) Relieves the secured party of further duties under this article.","path":["TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES","SECURED TRANSACTIONS","Default"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-104.html#NRS104Sec9618","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"cefe8d2b5dee5b81bad5b3dae0fef7efdb6612e3e9cb785402715c57ea8a55cf","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-104.9617","next":"us-nv/nrs-104.9619"},"notice":"GroundRules: Original legal text. Not legal advice."}