Nevada Revised Statutes Title 43. Public Safety; Vehicles; Watercraft § 490.064. Definitions for limited purposes
Current as of January 01, 2021 | Updated by FindLaw Staff
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For the purposes of regulation under this chapter and of imposing tort liability under NRS 41.440, and for no other purpose:
1. “Lease” means a contract by which the lienholder or owner of an off-highway vehicle transfers to another person, for compensation, the right to use such off-highway vehicle.
2. “Long-term lessee” means a person who has leased an off-highway vehicle from another person for a fixed period of more than 31 days.
3. “Long-term lessor” means a person who has leased an off-highway vehicle to another person for a fixed period of more than 31 days.
4. “Short-term lessee” means a person who has leased an off-highway vehicle from another person for a period of 31 days or less, or by the day, or by the trip.
5. “Short-term lessor” means a person who has leased an off-highway vehicle to another person for a period of 31 days or less, or by the day, or by the trip.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 43. Public Safety; Vehicles; Watercraft § 490.064. Definitions for limited purposes - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-43-public-safety-vehicles-watercraft/nv-rev-st-490-064/
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