Nevada § 598A.060 - Prohibited acts
Full text of Nevada Nevada Revised Statutes § 598A.060 — Prohibited acts, with citation guidance and answers to common questions.
§ 598A.060. Prohibited acts
1. Every activity enumerated in this subsection constitutes a contract, combination
or conspiracy in restraint of trade, and it is unlawful to conduct any part of any
such activity in this State: (a) Price fixing, which consists of raising, depressing, fixing, pegging or stabilizing
the price of any commodity or service, and which includes, but is not limited to: (1) Agreements among competitors to depress prices at which they will buy essential
raw material for the end product. (2) Agreements to establish prices for commodities or services. (3) Agreements to establish uniform discounts, or to eliminate discounts. (4) Agreements between manufacturers to price a premium commodity a specified amount
above inferior commodities. (5) Agreements not to sell below cost. (6) Agreements to establish uniform trade-in allowances. (7) Establishment of uniform cost surveys. (8) Establishment of minimum markup percentages. (9) Establishment of single or multiple basing point systems for determining the delivered
price of commodities. (10) Agreements not to advertise prices. (11) Agreements among competitors to fix uniform list prices as a place to start bargaining. (12) Bid rigging, including the misuse of bid depositories, foreclosures of competitive
activity for a period of time, rotation of jobs among competitors, submission of identical
bids, and submission of complementary bids not intended to secure acceptance by the
customer. (13) Agreements to discontinue a product, or agreements with anyone engaged in the
manufacture of competitive lines to limit size, styles or quantities of items comprising
the lines. (14) Agreements to restrict volume of production. (b) Division of markets, consisting of agreements between competitors to divide territories
and to refrain from soliciting or selling in certain areas. (c) Allocation of customers, consisting of agreements not to sell to specified customers
of a competitor. (d) Tying arrangements, consisting of contracts in which the seller or lessor conditions
the sale or lease of commodities or services on the purchase or leasing of another
commodity or service. (e) Monopolization of trade or commerce in this State, including, without limitation,
attempting to monopolize or otherwise combining or conspiring to monopolize trade
or commerce in this State. (f) Except as otherwise provided in subsection 2, consolidation, conversion, merger,
acquisition of shares of stock or other equity interest, directly or indirectly, of
another person engaged in commerce in this State or the acquisition of any assets
of another person engaged in commerce in this State that may: (1) Result in the monopolization of trade or commerce in this State or would further
any attempt to monopolize trade or commerce in this State; or (2) Substantially lessen competition or be in restraint of trade. 2. The provisions of paragraph (f) of subsection 1 do not: (a) Apply to a person who, solely for an investment purpose, purchases stock or other
equity interest or assets of another person if the purchaser does not use his or her
acquisition to bring about or attempt to bring about the substantial lessening of
competition in this State. (b) Prevent a person who is engaged in commerce in this State from forming a subsidiary
corporation or other business organization and owning and holding all or part of the
stock or equity interest of that corporation or organization.
Frequently Asked Questions About Nevada § 598A.060
What does Nevada Revised Statutes § 598A.060 cover?
Section 598A.060 ("Prohibited acts") 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 § 598A.060?
A common citation format is "Nevada Revised Statutes § 598A.060" (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 § 598A.060 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.