Nevada § 104.8103 - Rules for determining whether certain obligations and interests are securities or financial assets
Full text of Nevada Nevada Revised Statutes § 104.8103 — Rules for determining whether certain obligations and interests are securities or financial assets, with citation guidance and answers to common questions.
§ 104.8103. Rules for determining whether certain obligations and interests are securities or financial assets
1. A share or similar equity interest issued by a corporation, business trust, joint
stock company or similar entity is a security. 2. An investment company security is a security. “ Investment company security ” means a share or similar equity interest issued by an entity that is registered
as an investment company under the federal investment company laws, an interest in
a unit investment trust that is so registered or a face-amount certificate issued
by a face-amount certificate company that is so registered. The term does not include an insurance policy or endowment policy or annuity contract
issued by an insurance company. 3. An interest in a partnership or limited-liability company is not a security unless
it is dealt in or traded on securities exchanges or in securities markets, its terms
expressly provide that it is a security governed by this Article, or it is an investment
company security. However, an interest in a partnership or limited-liability company is a financial
asset if it is held in a securities account. 4. A writing that is a security certificate is governed by this Article and not by
Article 3, even though it also meets the requirements of that Article. However, a negotiable instrument governed by Article 3 is a financial asset if it
is held in a securities account. 5. An option or similar obligation issued by a clearing corporation to its participants
is not a security, but is a financial asset. 6. A commodity contract, as defined in paragraph (p) of subsection 1 of NRS 104.9102 , is not a security or a financial asset. 7. A document of title is not a financial asset unless subparagraph (3) of paragraph
(j) of subsection 1 of NRS 104.8102 applies. 8. A controllable account, controllable electronic record or controllable payment
intangible is not a financial asset unless subparagraph (3) of paragraph (j) of subsection
1 of NRS 104.8102 applies.
Frequently Asked Questions About Nevada § 104.8103
What does Nevada Revised Statutes § 104.8103 cover?
Section 104.8103 ("Rules for determining whether certain obligations and interests are securities or financial assets") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 104.8103?
A common citation format is "Nevada Revised Statutes § 104.8103" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 104.8103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.