Nevada § 597.1163 - Failure of supplier to repurchase inventory
Full text of Nevada Nevada Revised Statutes § 597.1163 — Failure of supplier to repurchase inventory, with citation guidance and answers to common questions.
§ 597.1163. Failure of supplier to repurchase inventory
If a supplier fails or refuses to repurchase and pay a dealer for any inventory the
supplier is required to repurchase in accordance with the provisions of NRS 597.112 to 597.118 , inclusive, within 60 days after shipment of the inventory to the supplier, the supplier
is liable for: 1. An amount equal to 100 percent of the net price of the inventory; 2. Any shipping charges paid by the dealer; 3. Attorney's fees and court costs; and 4. An amount equal to the interest on the amount of the net price calculated at the
legal rate of interest from the 61st day after the date of the shipment of the inventory
to the supplier.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 597.1163
What does Nevada Revised Statutes § 597.1163 cover?
Section 597.1163 ("Failure of supplier to repurchase inventory") 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 § 597.1163?
A common citation format is "Nevada Revised Statutes § 597.1163" (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 § 597.1163 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.