Nevada Code § 104.9403

Agreement not to assert defenses against assignee
Open in Lexace · Ask the AI about this section
1. In this section, value has the
meaning provided in subsection 1 of NRS
104.3303 .
2. Except as otherwise provided in this
section, an agreement between an account debtor and an assignor not to assert
against an assignee any claim or defense that the account debtor may have
against the assignor is enforceable by an assignee that takes an assignment:
(a) For value;
(b) In good faith;
(c) Without notice of a claim of a property or
possessory right to the property assigned; and
(d) Without notice of a defense or claim in
recoupment of the type that may be asserted against a person entitled to
enforce a negotiable instrument under subsection 1 of NRS 104.3305 .
3. An agreement described in subsection 2
is not enforceable with respect to defenses of a type that may be asserted
against a holder in due course of a negotiable instrument under subsection 2 of NRS 104.3305 .
4. In a consumer transaction, if a record
evidences the account debtors obligation, law other than this article requires
that the record include a statement to the effect that the rights of an
assignee are subject to claims or defenses that the account debtor could assert
against the original obligee, and the record does not include such a statement:
(a) The record has the same effect as if the
record included such a statement; and
(b) The account debtor may assert against an
assignee those claims and defenses that would have been available if the record
included such a statement.
5. This section is subject to law other
than this article which establishes a different rule for an account debtor who
is a natural person and who incurred the obligation primarily for personal,
family or household purposes.
6. Except as otherwise provided in
subsection 4, this section does not displace law other than this article which
gives effect to an agreement by an account debtor not to assert a claim or
defense against an assignee.

‹ Prev All Nevada sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.