Nevada § 372.035 - “Occasional sale” defined
Full text of Nevada Nevada Revised Statutes § 372.035 — “Occasional sale” defined, with citation guidance and answers to common questions.
§ 372.035. “Occasional sale” defined
1. “Occasional sale” includes: (a) A sale of property not held or used by a seller in the course of an activity for
which he is required to hold a seller's permit, provided such sale is not one of a
series of sales sufficient in number, scope and character to constitute an activity
requiring the holding of a seller's permit. (b) Any transfer of all or substantially all the property held or used by a person
in the course of such an activity when after such transfer the real or ultimate ownership
of such property is substantially similar to that which existed before such transfer. 2. For the purposes of this section, stockholders, bondholders, partners or other
persons holding an interest in a corporation or other entity are regarded as having
the “real or ultimate ownership” of the property of such corporation or other entity.
Frequently Asked Questions About Nevada § 372.035
What does Nevada Revised Statutes § 372.035 cover?
Section 372.035 ("“Occasional sale” 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 § 372.035?
A common citation format is "Nevada Revised Statutes § 372.035" (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 § 372.035 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.