Nev. Rev. Stat. » NRS: CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES
Nevada Revised Statutes

Nev. Rev. Stat. § 104.9402 (2026)

Secured party not obligated in contract of debtor or in tort

✓ current as of July 2026
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NRS 104.9402  Secured party not obligated in contract of debtor or in tort.  The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not impose upon a secured party liability in contract or tort for the debtor’s acts or omissions.

      (Added to NRS by 1999, 323)

     

Notes of Decisions
Cited in 2 cases, 1987–1993 · leading case: Bank of California v. LMJ, Inc. (In Re LMJ, Inc.), 159 B.R. 926 (D. Nev. 1993).
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Bank of California v. LMJ, Inc. (In Re LMJ, Inc.), 159 B.R. 926 (D. Nev. 1993). · cites it 3× “NRS 104.9402(1) provides as follows: A financing statement is sufficient if it gives the names of the debtor and the secured party, is signed by the debtor, gives and address of the secured party from which information concerning the security interest may be obtained, gives a…”
In Re Neatex, Inc., 77 B.R. 808 (Bankr. D. Nev. 1987). · cites it 4× “In opposition to this argument, the Remuses rely on NRS 104.9402(7) 4 which suggests that the original financing statement that was filed when they sold the property to Johnson «fe Flynn remains effective to perfect their security interest against Neatex.”
— Nev. Rev. Stat. § 104.9402(1) — 1 case
Bank of California v. LMJ, Inc. (In Re LMJ, Inc.), 159 B.R. 926 (D. Nev. 1993). “NRS 104.9402(1) provides as follows: A financing statement is sufficient if it gives the names of the debtor and the secured party, is signed by the debtor, gives and address of the secured party from which information concerning the security interest may be obtained, gives a…”
— Nev. Rev. Stat. § 104.9402(7) — 1 case
In Re Neatex, Inc., 77 B.R. 808 (Bankr. D. Nev. 1987). “In opposition to this argument, the Remuses rely on NRS 104.9402(7) 4 which suggests that the original financing statement that was filed when they sold the property to Johnson «fe Flynn remains effective to perfect their security interest against Neatex.”
— Nev. Rev. Stat. § 104.9402(8) — 1 case
Bank of California v. LMJ, Inc. (In Re LMJ, Inc.), 159 B.R. 926 (D. Nev. 1993). “NRS 104.9402(1) provides as follows: A financing statement is sufficient if it gives the names of the debtor and the secured party, is signed by the debtor, gives and address of the secured party from which information concerning the security interest may be obtained, gives a…”
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