{"data":{"id":"us-nv/nrs-104.9622","jurisdiction":"us-nv","citation":"NRS 104.9622","heading":"Effect of acceptance of collateral in satisfaction of obligation.","body":"1. A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures:\n(a) Discharges the obligation to the extent consented to by the debtor;\n(b) Transfers to the secured party all of a debtor’s rights in the collateral;\n(c) Discharges the security interest or agricultural lien that is the subject of the debtor’s consent and any subordinate security interest or other subordinate lien; and\n(d) Terminates any other subordinate interest.\n2. A subordinate interest is discharged or terminated under subsection 1 even if the secured party fails to comply with 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#NRS104Sec9622","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"2361084a6c06715c67e7b5c72162bb1656a0f982eda0773c97f44ce367861d37","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-104.9621","next":"us-nv/nrs-104.9623"},"notice":"GroundRules: Original legal text. Not legal advice."}