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Current as of January 01, 2021 | Updated by FindLaw Staff
“Equity interest” means any of the following that are not rated credit instruments:
1. Common stock;
2. Preferred stock;
3. A trust certificate;
4. An equity investment in an investment company, other than a money market mutual fund or a class one bond mutual fund;
5. An investment in a common trust fund of a bank regulated by a federal or state agency;
6. An ownership interest in minerals, oil or gas, the rights to which have been separated from the underlying fee interest in the real estate where the minerals, oil or gas are located;
7. Instruments which are mandatorily, or at the option of the issuer, convertible to equity;
8. Limited partnership interests and those general partnership interests authorized pursuant to paragraph (d) of subsection 1 of NRS 682A.380;
9. Member interests in a limited-liability company;
10. Warrants or other rights to acquire equity interests that are created by the person that owns or would issue the equity to be acquired; and
11. Instruments that would be rated credit instruments but for the provisions of subsection 2 of NRS 682A.177.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 682A.069. “Equity interest” defined - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-682a-069/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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