Nev. Rev. Stat. » NRS: CHAPTER 112 - FRAUDULENT TRANSFERS (UNIFORM ACT)

Nev. Rev. Stat. § 112.150

Definitions

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NRS 112.150  Definitions.  As used in this chapter, unless the context otherwise requires:

      1.  “Affiliate” means:

      (a) A person who directly or indirectly owns, controls or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than a person who holds the securities:

             (1) As a fiduciary or agent without sole discretionary power to vote the securities; or

             (2) Solely to secure a debt, if the person has not exercised the power to vote;

      (b) A corporation 20 percent or more of whose outstanding voting securities are directly or indirectly owned, controlled or held with power to vote, by the debtor or a person who directly or indirectly owns, controls or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than a person who holds the securities:

             (1) As a fiduciary or agent without sole power to vote the securities; or

             (2) Solely to secure a debt, if the person has not in fact exercised the power to vote;

      (c) A person whose business is operated by the debtor under a lease or other agreement, or a person substantially all of whose assets are controlled by the debtor; or

      (d) A person who operates the debtor’s business under a lease or other agreement or controls substantially all of the debtor’s assets.

      2.  “Asset” means property of a debtor, but the term does not include:

      (a) Property to the extent it is encumbered by a valid lien;

      (b) Property to the extent it is generally exempt under nonbankruptcy law; or

      (c) An interest in property held in tenancy by the entireties or as community property to the extent it is not subject to process by a creditor holding a claim against only one tenant.

      3.  “Claim” means a right to payment, whether or not the right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured.

      4.  “Creditor” means a person who has a claim.

      5.  “Debt” means liability on a claim.

      6.  “Debtor” means a person who is liable on a claim.

      7.  “Insider” includes:

      (a) If the debtor is a natural person:

             (1) A relative of the debtor or of a general partner of the debtor;

             (2) A partnership in which the debtor is a general partner;

             (3) A general partner in a partnership described in subparagraph (2); and

             (4) A corporation of which the debtor is a director, officer or person in control;

      (b) If the debtor is a corporation:

             (1) A director of the debtor;

             (2) An officer of the debtor;

             (3) A person in control of the debtor;

             (4) A partnership in which the debtor is a general partner;

             (5) A general partner in a partnership described in subparagraph (4); and

             (6) A relative of a general partner, director, officer or person in control of the debtor;

      (c) If the debtor is a partnership:

             (1) A general partner in the debtor;

             (2) A relative of a general partner in, a general partner of, or a person in control of the debtor;

             (3) Another partnership in which the debtor is a general partner;

             (4) A general partner in a partnership described in subparagraph (3); and

             (5) A person in control of the debtor;

      (d) An affiliate, or an insider of an affiliate as if the affiliate were the debtor; and

      (e) A managing agent of the debtor.

      8.  “Lien” means a charge against or an interest in property to secure payment of a debt or performance of an obligation, and includes a security interest created by agreement, a judicial lien obtained by legal or equitable process or proceedings, a common-law lien and a statutory lien.

      9.  “Person” includes a government and a governmental subdivision or agency.

      10.  “Property” means anything that may be the subject of ownership.

      11.  “Relative” means a natural person related by consanguinity within the third degree as determined by the common law, a spouse, or a natural person related to a spouse within the third degree as so determined, and includes a natural person in an adoptive relationship within the third degree.

      12.  “Transfer” means every mode, direct or indirect, absolute or conditional, voluntary or involuntary, of disposing of or parting with an asset or an interest in an asset, and includes payment of money, release, lease and creation of a lien or other encumbrance.

      13.  “Valid lien” means a lien that is effective against the holder of a judicial lien subsequently obtained by legal or equitable process or proceedings.

      (Added to NRS by 1987, 8)

     

Notes of Decisions
Cited in 17 cases (8 in the last 5 years), 1996–2025 · leading case: Guild Mortg. Co. v. Prestwick Court Trust
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Guild Mortg. Co. v. Prestwick Court Trust (2018) nvd · cites it 5× “" Nev. Rev. Stat. § 112.150 (2). Here, as Prestwick correctly argues, the property does not constitute an "asset" under NRS 112.”
Ernest Bock, LLC v. Paul Steelman (2023) ca9 “” Nev. Rev. Stat. § 112.150 (12). ERNEST BOCK, LLC V.”
Sportsco Enterprises v. Morris (1996) nev · cites it 2× “" Morris clearly owned some kind of interest in the box: he was able to sell part of that interest to Nady for $32,000. That interest included the right to exclusive use of the private box during basketball games and other public events at the center and the right to…”
Herup v. First Boston Financial, LLC (2007) nev “7 See NRS 112.150. 8 Benavidez v. Benavidez, 145 P.”
ShengdaTech Liquidating Trust v. Hansen (In re Shengdatech, Inc.) (2014) nvd · cites it 2× “” Nev. Rev.Stat. § 112.150(4). A “claim,” in turn, “means a right to payment, whether or not the right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured.”
Holland v. Anthony L. Barney, Ltd. (2023) nevapp “" NRS 112.150(12). In this case, after finding marital waste by Green, the family court transferred the Lorna Portal property from the marital community to Holland as her sole and separate property, as permi.”
Magliarditi Vs. Transfirst Group, Inc (Nrap 5) (2019) nev · cites it 5× “" NRS 112.150(12). The Magliarditis assert that under NUFTA, a transfer must be from a debtor to a third person, not from a debtor to a debtor, relying on NRS 112.”
Holland v. Anthony L. Barney, Ltd. (2023) nev · cites it 2× “" NRS 112.150(12). In this case, after finding marital waste by Green, the family court transferred the Lorna Portal property from the marital community to Holland as her sole and separate property, as permi.”
Monteleone v. Schmuel (2020) nvd · cites it 2× “Under NRS 112.150, a “debtor” is a “person who is liable on a claim.”
Snow Covered Capital, LLC v. Fonfa (2023) nvd · cites it 2× “” NRS § 112.150(3). And a “creditor” “means a person who has a claim.”
GW Grundbesitz AG v. Gunn (2023) nvd · cites it 2× “” Nev. Rev. Stat. § 112.150 (7)(e). The record is undisputed that Gunn was trustee for A.”
Navajo Health Foundation—Sage Memorial Hospital, Inc. v. Kory Razaghi, et al. (2025) nvd · cites it 2× “NRS 112.150(7)’s plain language explicitly defines 8 an “insider” as “[a] relative of the debtor.”
Show all 17 citing cases →
— Nev. Rev. Stat. § 112.150(10) — 1 case
Sportsco Enterprises v. Morris (1996) nev “" Morris clearly owned some kind of interest in the box: he was able to sell part of that interest to Nady for $32,000. That interest included the right to exclusive use of the private box during basketball games and other public events at the center and the right to…”
— Nev. Rev. Stat. § 112.150(12) — 6 cases
Guild Mortg. Co. v. Prestwick Court Trust (2018) nvd “" Nev. Rev. Stat. § 112.150 (2). Here, as Prestwick correctly argues, the property does not constitute an "asset" under NRS 112.”
Holland v. Anthony L. Barney, Ltd. (2023) nevapp “" NRS 112.150(12). In this case, after finding marital waste by Green, the family court transferred the Lorna Portal property from the marital community to Holland as her sole and separate property, as permi.”
Holland v. Anthony L. Barney, Ltd. (2023) nev “" NRS 112.150(12). In this case, after finding marital waste by Green, the family court transferred the Lorna Portal property from the marital community to Holland as her sole and separate property, as permi.”
Magliarditi Vs. Transfirst Group, Inc (Nrap 5) (2019) nev “" NRS 112.150(12). The Magliarditis assert that under NUFTA, a transfer must be from a debtor to a third person, not from a debtor to a debtor, relying on NRS 112.”
Holland v. Anthony L. Barney (2023) nev
— Nev. Rev. Stat. § 112.150(2) — 2 cases
Guild Mortg. Co. v. Prestwick Court Trust (2018) nvd “" Nev. Rev. Stat. § 112.150 (2). Here, as Prestwick correctly argues, the property does not constitute an "asset" under NRS 112.”
Bizzaro v. Half Dental Franchise, LLC (2018) nev
— Nev. Rev. Stat. § 112.150(3) — 2 cases
Magliarditi Vs. Transfirst Group, Inc (Nrap 5) (2019) nev “" NRS 112.150(12). The Magliarditis assert that under NUFTA, a transfer must be from a debtor to a third person, not from a debtor to a debtor, relying on NRS 112.”
Snow Covered Capital, LLC v. Fonfa (2023) nvd “” NRS § 112.150(3). And a “creditor” “means a person who has a claim.”
— Nev. Rev. Stat. § 112.150(4) — 1 case
ShengdaTech Liquidating Trust v. Hansen (In re Shengdatech, Inc.) (2014) nvd “” Nev. Rev.Stat. § 112.150(4). A “claim,” in turn, “means a right to payment, whether or not the right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured.”
— Nev. Rev. Stat. § 112.150(6) — 1 case
Magliarditi Vs. Transfirst Group, Inc (Nrap 5) (2019) nev “" NRS 112.150(12). The Magliarditis assert that under NUFTA, a transfer must be from a debtor to a third person, not from a debtor to a debtor, relying on NRS 112.”
— Nev. Rev. Stat. § 112.150(7) — 1 case
Navajo Health Foundation—Sage Memorial Hospital, Inc. v. Kory Razaghi, et al. (2025) nvd “NRS 112.150(7)’s plain language explicitly defines 8 an “insider” as “[a] relative of the debtor.”
— Nev. Rev. Stat. § 112.150(7)(a) — 1 case
Magliarditi Vs. Transfirst Group, Inc (Nrap 5) (2019) nev “" NRS 112.150(12). The Magliarditis assert that under NUFTA, a transfer must be from a debtor to a third person, not from a debtor to a debtor, relying on NRS 112.”
— Nev. Rev. Stat. § 112.150(7)(a)(1) — 1 case
Navajo Health Foundation—Sage Memorial Hospital, Inc. v. Kory Razaghi, et al. (2025) nvd “NRS 112.150(7)’s plain language explicitly defines 8 an “insider” as “[a] relative of the debtor.”
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