Nevada Revised Statutes 41B.140 – ‘Payor’ defined
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‘Payor’ means a person who is authorized or obligated by law or a governing instrument to pay or transfer any property, interest or benefit to another person.
Terms Used In Nevada Revised Statutes 41B.140
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039