Nevada § 487.730 - “Fair market value” defined
Full text of Nevada Nevada Revised Statutes § 487.730 — “Fair market value” defined, with citation guidance and answers to common questions.
§ 487.730. “Fair market value” defined
“ Fair market value ” means the retail value of a motor vehicle that is established by: 1. An objective motor vehicle appraisal based upon local market resources, including,
without limitation, automobile dealers and classified advertisements of newspapers; 2. An independent appraisal service; 3. A current issue of a nationally recognized guide used by financial institutions
in this State for the valuation of used motor vehicles; or 4. A computer-based service commonly used by the insurance industry for the valuation
of used motor vehicles.
Frequently Asked Questions About Nevada § 487.730
What does Nevada Revised Statutes § 487.730 cover?
Section 487.730 ("“Fair market value” 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 § 487.730?
A common citation format is "Nevada Revised Statutes § 487.730" (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 § 487.730 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.