Nev. Rev. Stat. § 91.050
This is the official text of Nev. Rev. Stat. § 91.050, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
“Commodity” defined
Official statutory text
1. “Commodity” means, except as otherwise provided in subsection 2 or specified by the Administrator by regulation or order: (a) Any agricultural, grain or livestock product or by-product; (b) Any metal or mineral, including a precious metal; (c) Any gem or gemstone whether characterized as precious, semiprecious or otherwise; (d) Any fuel, whether liquid, gaseous or otherwise; (e) Any foreign currency; and (f) All other goods, articles, products or items of any kind.
2. “Commodity” does not include: (a) A numismatic coin whose fair market value is at least 15 percent higher than the value of the metal it contains; (b) Real property or any timber, agricultural or livestock product grown or raised on real property and offered or sold by the owner or lessee of such real property; or (c) Any work of art offered or sold by art dealers, at public auction or offered or sold through a private sale by the owner thereof.
2. “Commodity” does not include: (a) A numismatic coin whose fair market value is at least 15 percent higher than the value of the metal it contains; (b) Real property or any timber, agricultural or livestock product grown or raised on real property and offered or sold by the owner or lessee of such real property; or (c) Any work of art offered or sold by art dealers, at public auction or offered or sold through a private sale by the owner thereof.
Status: in_force · Read it on the official government site
Need a lawyer in Nevada?
Find a Nevada lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.