Nevada § 598.840 - Definitions
Full text of Nevada Nevada Revised Statutes § 598.840 — Definitions, with citation guidance and answers to common questions.
§ 598.840. Definitions
As used in NRS 598.840 to 598.930 , inclusive, unless the context otherwise requires: 1. “ Affiliate organization ” means an organization for buying goods or services at a discount that: (a) Is a subsidiary of a parent business entity; or (b) Operates under a franchise granted by a parent business entity. 2. “ Business day ” means any calendar day except Sunday, or the following business holidays: New Year's
Day, Martin Luther King, Jr.'s Birthday, Washington's Birthday, Memorial Day, Independence
Day, Labor Day, Nevada Day, Veterans Day, Thanksgiving Day and Christmas Day. 3. “ Buyer ” means a person who purchases by contract a membership in an organization for buying
goods or services at a discount. 4. “ Commissioner ” means the Commissioner of Consumer Affairs. 5. “Franchise” has the meaning ascribed to it in 16 C.F.R. § 436.2 , as amended or substituted in revision by the Federal Trade Commission. 6. “ Organization for buying goods or services at a discount ” or “ organization ” means a person who, for a consideration, provides or claims to provide a buyer with
the ability to purchase goods or services at a price which is represented to be lower
than the price generally charged in the area. The term includes, without limitation, an affiliate organization. 7. “ Parent business entity ” or “ parent ” means any business entity that, directly or indirectly, has owned, operated, controlled
or granted franchises to, in any combination thereof, at least 15 organizations or
affiliate organizations for a consecutive period of 5 years or more. 8. “ Registrant ” means an organization for buying goods or services at a discount which is required
to register and post security with the Consumer Affairs Unit pursuant to the provisions
of NRS 598.840 to 598.930 , inclusive. 9. “ Subsidiary ” means an organization for buying goods or services at a discount that is owned,
operated or controlled, either directly or indirectly or in whole or in part, by a
parent business entity.
Frequently Asked Questions About Nevada § 598.840
What does Nevada Revised Statutes § 598.840 cover?
Section 598.840 ("Definitions") 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 § 598.840?
A common citation format is "Nevada Revised Statutes § 598.840" (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 § 598.840 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.