Nevada Code § 104.9621

Notification of proposal to accept collateral in satisfaction of obligation
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1. A secured party that desires to accept
collateral in full or partial satisfaction of the obligation it secures shall
send its proposal to:
(a) Any person from which the secured party has
received, before the debtor consented to the acceptance, a signed notification
of a claim of an interest in the collateral;
(b) Any other secured party or lienholder that,
10 days before the debtor consented to the acceptance, held a security interest
in or other lien on the collateral perfected by the filing of a financing
statement that:
(1) Identified the collateral;
(2) Was indexed under the debtors name as
of that date; and
(3) Was filed in the office or offices in
which to file a financing statement against the debtor covering the collateral
as of that date; and
(c) Any other secured party that, 10 days before
the debtor consented to the acceptance, held a security interest in the
collateral perfected by compliance with a statute, regulation or treaty
described in subsection 1 of NRS 104.9311 .
2. A secured party that desires to accept
collateral in partial satisfaction of the obligation it secures shall send its
proposal to any secondary obligor in addition to the persons described in
subsection 1.

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