Nev. Rev. Stat. § 682A.193

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 682A.193 - "Reverse repurchase transaction" defined

"Reverse repurchase transaction" means a transaction in which an insurer sells securities to a business entity and is obligated to repurchase the sold securities, or equivalent securities, from the business entity at a specified price, either within a specified period of time or on demand.

NRS 682A.193

Added to NRS by 2015, 3424

Added by 2015, Ch. 522,§118, eff. 7/1/2015.