Nev. Rev. Stat. § 100.230
Restrictions on construction and interpretation of Asset-Backed Securities Facilitation Act
Nevada · Nevada Revised Statutes Chapter 100 — Special Relations of Debtor and Creditor; Suretyship · Status: effective
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- Citation
- Nev. Rev. Stat. § 100.230, Restrictions on construction and interpretation of Asset-Backed Securities Facilitation Act, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2079119
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Full text
The provisions of NRS 100.200 to 100.230, inclusive, must not be construed or interpreted to:
1. Require any securitization transaction to be treated as a sale for federal or state tax purposes or to preclude the treatment of any securitization transaction as debt for federal or state tax purposes;
2. Alter or amend any applicable laws relating to the perfection and priority of security ownership interests of persons other than the transferor, hypothetical lien creditor or, in the event of a bankruptcy, receivership or other insolvency proceeding with respect to the transferor or property of the transferor, a bankruptcy trustee, receiver, debtor, debtor in possession or similar person; or
3. Alter or amend the tax treatment of securitization transactions that take place pursuant to NRS 100.200 to 100.230, inclusive.