Nevada § 91.050 - “Commodity” defined
Full text of Nevada Nevada Revised Statutes § 91.050 — “Commodity” defined, with citation guidance and answers to common questions.
§ 91.050. “Commodity” defined
1. “Commodity” means, except as otherwise provided in subsection 2 or specified by
the Administrator by regulation or order: (a) Any agricultural, grain or livestock product or by-product; (b) Any metal or mineral, including a precious metal; (c) Any gem or gemstone whether characterized as precious, semiprecious or otherwise; (d) Any fuel, whether liquid, gaseous or otherwise; (e) Any foreign currency; and (f) All other goods, articles, products or items of any kind. 2. “Commodity” does not include: (a) A numismatic coin whose fair market value is at least 15 percent higher than the
value of the metal it contains; (b) Real property or any timber, agricultural or livestock product grown or raised
on real property and offered or sold by the owner or lessee of such real property;
or (c) Any work of art offered or sold by art dealers, at public auction or offered or
sold through a private sale by the owner thereof.
Frequently Asked Questions About Nevada § 91.050
What does Nevada Revised Statutes § 91.050 cover?
Section 91.050 ("“Commodity” 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 § 91.050?
A common citation format is "Nevada Revised Statutes § 91.050" (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 § 91.050 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.