Nev. Rev. Stat. § 482.109
“Security interest” defined
Find cases:
SyfertCases citing this section
NRSleg.state.nv.us (official)
Justiaon Justia
CornellLII Search
CasesGoogle Scholar
NRS 482.109 “Security interest” defined. “Security
interest” means an interest in a vehicle, including a mobile home whether or
not permanently attached to the land, reserved or created by agreement, which
secures payment or performance of an obligation. “Security interest” includes
the interest of a lessor under a lease intended as security. Whether a lease is
intended as security is to be determined by the facts of each case, but:
1. The inclusion of an option to purchase does not of itself make the lease one intended for security; and
2. An agreement that upon compliance with the terms of the lease the lessee shall become or has the option to become the owner of the vehicle for no additional consideration does make the lease one intended for security.
(Added to NRS by 1975, 443)
Notes of Decisions
Cited in 1
case, 2006–2006 · leading case: In Re SCHWALB
In Re SCHWALB (2006)
“See Nev. Rev. Stat. § 482.109 (" ‘Security interest’ means an interest in a vehicle .”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.