Nevada Revised Statutes 357.024 – ‘Obligation’ defined
Current as of: 2023 | Check for updates
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‘Obligation’ means any established duty, regardless of whether the duty is a fixed duty, arising from:
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.
