Nevada § 41.460 - When debtor in possession or long-term lessee deemed owner of motor vehicle
Full text of Nevada Nevada Revised Statutes § 41.460 — When debtor in possession or long-term lessee deemed owner of motor vehicle, with citation guidance and answers to common questions.
§ 41.460. When debtor in possession or long-term lessee deemed owner of motor vehicle
1. For the purpose of imposing liability pursuant to NRS 41.440 and for no other purpose, where a vehicle is subject to: (a) A security interest, the debtor in possession shall be deemed to be the owner
and the secured party out of possession shall not be deemed to be the owner. (b) A long-term lease, the long-term lessee shall be deemed to be the owner and the
long-term lessor shall not be deemed to be the owner. 2. As used in this section: (a) “Lease,” “long-term lessee” and “long-term lessor” have the meanings ascribed
to them in NRS 482.053 . (b) “Owner” has only the significance attributed to it by NRS 41.440 . (c) “Secured party” and “security interest” have the meanings ascribed to them by
chapters 104 to 104C, inclusive, of NRS.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 41.460
What does Nevada Revised Statutes § 41.460 cover?
Section 41.460 ("When debtor in possession or long-term lessee deemed owner of motor vehicle") 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 § 41.460?
A common citation format is "Nevada Revised Statutes § 41.460" (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 § 41.460 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.