Nevada Revised Statutes 688C.095 – ‘Rescission period’ defined
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‘Rescission period’ means the shorter period of 60 days after the date on which a viatical settlement is signed by all parties thereto or 30 days after the viator receives the proceeds from that viatical settlement.
Terms Used In Nevada Revised Statutes 688C.095
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.