Nev. Rev. Stat. § 682A.023

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 682A.023 - "Asset-backed security" defined

"Asset-backed security" means a security or other instrument, excluding a mutual fund, evidencing an interest in, or the right to receive payments from, or payable from distributions on, an asset, a pool of assets or specifically divisible cash flows which are legally transferred to a trust, or another special purpose bankruptcy-remote business entity, which meets the conditions set forth in NRS 682A.245.

NRS 682A.023

Added to NRS by 2015, 3417
Added by 2015, Ch. 522,§50, eff. 7/1/2015.