Nevada § 463.0139 - “Capital lease” defined
Full text of Nevada Nevada Revised Statutes § 463.0139 — “Capital lease” defined, with citation guidance and answers to common questions.
§ 463.0139. “Capital lease” defined
“ Capital lease ” means a bailment, lease or similar transaction in which: 1. The lease is in writing; 2. The writing includes the names and addresses of the lessor and lessee, the term,
amount of rental payments, a specific list of the leased equipment and details of
any rights which the lessee has to extend the term or to acquire the leased equipment
during the term or at the expiration of the term including any renewals of the original
term; 3. The lease serves as the functional equivalent of an extension of credit by the
lessor to the lessee; 4. The leased equipment was acquired by the lessor specifically for a leasing transaction;
and 5. The lessor is a national banking association that is authorized to do business
in this state, a banking corporation formed or regulated under the laws of this state
or a wholly owned subsidiary of such a banking association or corporation that is
formed or regulated under the laws of this state.
Frequently Asked Questions About Nevada § 463.0139
What does Nevada Revised Statutes § 463.0139 cover?
Section 463.0139 ("“Capital lease” 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 § 463.0139?
A common citation format is "Nevada Revised Statutes § 463.0139" (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 § 463.0139 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.