Nev. Rev. Stat. § 357.024 – “Obligation” defined | Midpage

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Nevada Revised Statutes

§ 357.024

Nev. Rev. Stat. § 357.024

“Obligation” defined

Effective Oct 1, 2013(Added to NRS by 2013, 1043)

“Obligation” means any established duty, regardless of whether the duty is a fixed duty, arising from:

1. An express or implied contractual relationship;
2. A relationship between a grantor and a grantee;
3. A relationship between a licensor and a licensee;
4. A fee-based or similar relationship;
5. A statute or regulation; or
6. The retention of any overpayment.

(Added to NRS by 2013, 1043)