Nev. Rev. Stat. § 41.460
This is the official text of Nev. Rev. Stat. § 41.460, part of Nevada’s Rev. Stat — part of the compiled statutory law of Nevada, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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When debtor in possession or long-term lessee deemed owner of motor vehicle
Official statutory text
1. For the purpose of imposing liability pursuant to NRS 41.440 and for no other purpose, where a vehicle is subject to: (a) A security interest, the debtor in possession shall be deemed to be the owner and the secured party out of possession shall not be deemed to be the owner. (b) A long-term lease, the long-term lessee shall be deemed to be the owner and the long-term lessor shall not be deemed to be the owner.
2. As used in this section: (a) “Lease,” “long-term lessee” and “long-term lessor” have the meanings ascribed to them in NRS 482.053 . (b) “Owner” has only the significance attributed to it by NRS 41.440 . (c) “Secured party” and “security interest” have the meanings ascribed to them by chapters 104 to 104C, inclusive, of NRS.
2. As used in this section: (a) “Lease,” “long-term lessee” and “long-term lessor” have the meanings ascribed to them in NRS 482.053 . (b) “Owner” has only the significance attributed to it by NRS 41.440 . (c) “Secured party” and “security interest” have the meanings ascribed to them by chapters 104 to 104C, inclusive, of NRS.
Status: in_force · Read it on the official government site
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