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Current as of January 01, 2025 | Updated by Findlaw Staff
“Market value” means:
1. As to cash and letters of credit, the face amounts thereof; and
2. As to a security as of any date, the price for the security on that date obtained from a generally recognized source or the most recent quotation from such a source or, to the extent no generally recognized source exists, the price for the security as determined in good faith by the parties to a transaction, plus accrued but unpaid income thereon to the extent not included in the price on that date.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 682A.133. “Market value” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-682a-133/
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 before relying on it for your legal needs.
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