Nevada § 372.245 - Resale certificate: Commingled fungible goods
Full text of Nevada Nevada Revised Statutes § 372.245 — Resale certificate: Commingled fungible goods, with citation guidance and answers to common questions.
§ 372.245. Resale certificate: Commingled fungible goods
If a purchaser gives a certificate with respect to the purchase of fungible goods
and thereafter commingles these goods with other fungible goods not so purchased but
of such similarity that the identity of the constituent goods in the commingled mass
cannot be determined, sales from the mass of commingled goods shall be deemed to be
sales of the goods so purchased until a quantity of commingled goods equal to the
quantity of purchased goods so commingled has been sold.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 372.245
What does Nevada Revised Statutes § 372.245 cover?
Section 372.245 ("Resale certificate: Commingled fungible goods") 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 § 372.245?
A common citation format is "Nevada Revised Statutes § 372.245" (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 § 372.245 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.