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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 7. Business Associations; Securities; Commodities § 91.050. “Commodity” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-7-business-associations-securities-commodities/nv-rev-st-91-050/
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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