{"data":{"id":"us-nv/nrs-100.230","jurisdiction":"us-nv","citation":"NRS 100.230","heading":"Restrictions on construction and interpretation of Asset-Backed Securities Facilitation Act.","body":"The provisions of NRS 100.200 to 100.230, inclusive, must not be construed or interpreted to:\n1. 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;\n2. 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\n3. Alter or amend the tax treatment of securitization transactions that take place pursuant to NRS 100.200 to 100.230, inclusive.","path":["TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 100 - SPECIAL RELATIONS OF DEBTOR AND CREDITOR; SURETYSHIP","ASSET-BACKED SECURITIES FACILITATION ACT"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-100.html#NRS100Sec230","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"6ea0403bc0cfc4254a29c338568288d607f5d6c5b5dc3d3929d07d7a84b98a33","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-100.220","next":"us-nv/nrs-101.010"},"notice":"GroundRules: Original legal text. Not legal advice."}