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Current as of January 01, 2021 | Updated by FindLaw Staff
The provisions of NRS 100.200 to 100.230, inclusive, must not be construed or interpreted to:
1. Require any securitization transaction to be treated as a sale for federal or state tax purposes or to preclude the treatment of any securitization transaction as debt for federal or state tax purposes;
2. Alter or amend any applicable laws relating to the perfection and priority of security ownership interests of persons other than the transferor, hypothetical lien creditor or, in the event of a bankruptcy, receivership or other insolvency proceeding with respect to the transferor or property of the transferor, a bankruptcy trustee, receiver, debtor, debtor in possession or similar person; or
3. Alter or amend the tax treatment of securitization transactions that take place pursuant to NRS 100.200 to 100.230, inclusive.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 8. Commercial Instruments and Transactions § 100.230. Restrictions on construction and interpretation of Asset-Backed Securities Facilitation Act - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-8-commercial-instruments-and-transactions/nv-rev-st-100-230/
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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