Nevada § 482.4215 Circumstances in which lease does not constitute sale or create security interest

Nevada Statutes

§ 482.4215 — Circumstances in which lease does not constitute sale or create security interest

Nevada § 482.4215

Title 43PUBLIC SAFETY; VEHICLES; WATERCRAFT

Ch. 482Motor

LEASE OF MOTOR VEHICLE OR TRAILER FOR USE PRIMARILY IN TRADE OR BUSINESS

This text of Nevada § 482.4215 (Circumstances in which lease does not constitute sale or create security interest) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 482.4215 (2026).

Text

Notwithstanding any specific statute to the contrary, the lease of a motor vehicle or trailer for use primarily in a trade or business of the lessee does not constitute a sale or create a security interest merely because the lease permits or requires that the rental price be adjusted upward or downward by reference to the amount realized by the lessor upon the sale or other disposition of the motor vehicle or trailer upon the termination of the lease.

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Notwithstanding any specific statute to the contrary, the lease of a motor vehicle or trailer for use primarily in a trade or business of the lessee does not constitute a sale or create a security interest merely because the lease permits or requires that the rental price be adjusted upward or downward by reference to the amount realized by the lessor upon the sale or other disposition of the motor vehicle or trailer upon the termination of the lease.