Nevada Revised Statutes 348.250 – ‘Uncertificated public security’ defined
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‘Uncertificated public security’ means an obligation which:
Terms Used In Nevada Revised Statutes 348.250
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
1. Is issued pursuant to a system of full registration;
2. Is transferable in the manner described in subsection 2 of NRS 348.110; and
3. Is either one of a class or series or by its terms is divisible into a class or series of obligations.