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
Guild Mortg. Co. v. Prestwick Court Trust, 293 F. Supp. 3d 1228 (D. Nev. 2018).
· cites it 5× “" Nev. Rev. Stat. § 112.150 (2). Here, as Prestwick correctly argues, the property does not constitute an "asset" under NRS 112.”
Sportsco Enter. v. Morris, 917 P.2d 934 (Nev. 1996).
· 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…”
ShengdaTech Liquidating Trust v. Hansen (In re Shengdatech, Inc.), 519 B.R. 292 (D. Nev. 2014).
· 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., 540 P.3d 1074 (Nev. 2023).
“" 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 Grp., Inc (Nrap 5) (Nev. 2019).
· 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. (Nev. 2023).
· 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 (D. Nev. 2020).
· cites it 2× “Under NRS 112.150, a “debtor” is a “person who is liable on a claim.”
GW Grundbesitz AG v. Gunn (D. Nev. 2023).
· cites it 2× “” Nev. Rev. Stat. § 112.150 (7)(e). The record is undisputed that Gunn was trustee for A.”
Razaghi (D. Nev. 2025).
· cites it 2× “NRS 112.150(7)’s plain language explicitly defines 8 an “insider” as “[a] relative of the debtor.”
— Nev. Rev. Stat. § 112.150(10) — 1 case
Sportsco Enter. v. Morris, 917 P.2d 934 (Nev. 1996).
“" 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, 293 F. Supp. 3d 1228 (D. Nev. 2018).
“" 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., 540 P.3d 1074 (Nev. 2023).
“" 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. (Nev. 2023).
“" 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.”
— Nev. Rev. Stat. § 112.150(2) — 2 cases
Guild Mortg. Co. v. Prestwick Court Trust, 293 F. Supp. 3d 1228 (D. Nev. 2018).
“" Nev. Rev. Stat. § 112.150 (2). Here, as Prestwick correctly argues, the property does not constitute an "asset" under NRS 112.”
— Nev. Rev. Stat. § 112.150(3) — 2 cases
— Nev. Rev. Stat. § 112.150(4) — 1 case
ShengdaTech Liquidating Trust v. Hansen (In re Shengdatech, Inc.), 519 B.R. 292 (D. Nev. 2014).
“” 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
— Nev. Rev. Stat. § 112.150(7) — 1 case
Razaghi (D. Nev. 2025).
“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
— Nev. Rev. Stat. § 112.150(7)(a)(1) — 1 case
Razaghi (D. Nev. 2025).
“NRS 112.150(7)’s plain language explicitly defines 8 an “insider” as “[a] relative of the debtor.”
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