Nevada § 231A.130 - “Qualified equity investment” defined
Full text of Nevada Nevada Revised Statutes § 231A.130 — “Qualified equity investment” defined, with citation guidance and answers to common questions.
§ 231A.130. “Qualified equity investment” defined
1. “ Qualified equity investment ” means any equity investment in, or long-term debt security issued by, a qualified
community development entity that: (a) Except as otherwise provided in this section, is acquired after October 1, 2013,
solely in exchange for cash at the original issuance of the equity investment; (b) Has at least 85 percent of the cash purchase price of the equity investment used
by the issuer to make qualified low-income community investments in qualified active
low-income community businesses located in this State by the first anniversary of
the initial credit allowance date; and (c) Is designated by the issuer as a qualified equity investment under this section
and is certified by the Department as complying with the limitations contained in
subsection 5 of NRS 231A.230 . 2. The term includes an investment that does not meet the requirements of subsection
1 if the investment was a qualified equity investment in the possession or control
of a prior holder.
Frequently Asked Questions About Nevada § 231A.130
What does Nevada Revised Statutes § 231A.130 cover?
Section 231A.130 ("“Qualified equity investment” defined") 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 § 231A.130?
A common citation format is "Nevada Revised Statutes § 231A.130" (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 § 231A.130 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.