Nev. Rev. Stat. § 682A.023
“Asset-backed security” defined
Nevada · Nevada Revised Statutes Chapter 682A — Investments · Status: effective
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- Nev. Rev. Stat. § 682A.023, “Asset-backed security” defined, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2145751
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Full text
“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.