Restrictions on construction and interpretation of Asset-Backed Securities Facilitation Act.

Nev. Rev. Stat. § 100.230
in effect
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The provisions of NRS 100.200 to 100.230, inclusive, must not be construed or interpreted to: 1. Require any securitization transaction to be treated as a sale for federal or state tax purposes or to preclude the treatment of any securitization transaction as debt for federal or state tax purposes; 2. Alter or amend any applicable laws relating to the perfection and priority of security ownership interests of persons other than the transferor, hypothetical lien creditor or, in the event of a bankruptcy, receivership or other insolvency proceeding with respect to the transferor or property of the transferor, a bankruptcy trustee, receiver, debtor, debtor in possession or similar person; or 3. Alter or amend the tax treatment of securitization transactions that take place pursuant to NRS 100.200 to 100.230 , inclusive.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-100.htmlFetched: 10/4/2026
Nev. Rev. Stat. § 100.230 — Restrictions on construction and interpretation of Asset-Backed Securities Facilitation Act | Nevada Revised Statutes | Corpus