‘Obligation’ means any established duty, regardless of whether the duty is a fixed duty, arising from:

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Terms Used In Nevada Revised Statutes 357.024

  • Grantor: The person who establishes a trust and places property into it.
  • Statute: A law passed by a legislature.

1.  An express or implied contractual relationship;

2.  A relationship between a grantor and a grantee;

3.  A relationship between a licensor and a licensee;

4.  A fee-based or similar relationship;

5.  A statute or regulation; or

6.  The retention of any overpayment.