Nevada § 91.060 - “Commodity contract” defined
Full text of Nevada Nevada Revised Statutes § 91.060 — “Commodity contract” defined, with citation guidance and answers to common questions.
§ 91.060. “Commodity contract” defined
1. “Commodity contract” means any account, agreement or contract for the purchase
or sale, primarily for speculation or investment purposes and not for use or consumption
by the offeree or purchaser, of one or more commodities, whether for immediate or
subsequent delivery or whether delivery is intended by the parties, and whether characterized
as a cash contract, deferred shipment or deferred delivery contract, forward contract,
futures contract, installment or margin contract, leverage contract or otherwise.
Any commodity contract offered or sold, in the absence of evidence to the contrary,
is presumed to be offered or sold for speculation or investment purposes. 2. “Commodity contract” does not include any contract or agreement which requires,
and under which the purchaser receives, within 28 calendar days after the payment
of any portion of the purchase price, physical delivery of the total amount of each
commodity to be purchased under the contract or agreement.
Frequently Asked Questions About Nevada § 91.060
What does Nevada Revised Statutes § 91.060 cover?
Section 91.060 ("“Commodity contract” 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 § 91.060?
A common citation format is "Nevada Revised Statutes § 91.060" (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 § 91.060 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.