Security interest arising in purchase or delivery of financial asset.
Nev. Rev. Stat. § 104.9206
in effect1. A security interest in favor of a securities intermediary attaches to a persons security entitlement if:
(a) The person buys a financial asset through the securities intermediary in a transaction in which the person is obligated to pay the purchase price to the securities intermediary at the time of the purchase; and
(b) The securities intermediary credits the financial asset to the persons securities account before he or she pays the securities intermediary.
2. The security interest described in subsection 1 secures the buyers obligation to pay for the financial asset.
3. A security interest in favor of a person that delivers a certificated security or other financial asset represented by a writing attaches to the security or other financial asset if:
(a) The security or other financial asset:
(1) In the ordinary course of business is transferred by delivery with any necessary endorsement or assignment; and
(2) Is delivered under an agreement between persons in the business of dealing with such securities or financial assets; and
(b) The agreement calls for delivery against payment.
4. The security interest described in subsection 3 secures the obligation to make payment for the delivery.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-104.htmlFetched: 10/4/2026