{"data":{"id":"us-nv/nrs-104.8103","jurisdiction":"us-nv","citation":"NRS 104.8103","heading":"Rules for determining whether certain obligations and interests are securities or financial assets.","body":"1. A share or similar equity interest issued by a corporation, business trust, joint stock company or similar entity is a security.\n2. An investment company security is a security. “Investment company security” means a share or similar equity interest issued by an entity that is registered as an investment company under the federal investment company laws, an interest in a unit investment trust that is so registered or a face-amount certificate issued by a face-amount certificate company that is so registered. The term does not include an insurance policy or endowment policy or annuity contract issued by an insurance company.\n3. An interest in a partnership or limited-liability company is not a security unless it is dealt in or traded on securities exchanges or in securities markets, its terms expressly provide that it is a security governed by this Article, or it is an investment company security. However, an interest in a partnership or limited-liability company is a financial asset if it is held in a securities account.\n4. A writing that is a security certificate is governed by this Article and not by Article 3, even though it also meets the requirements of that Article. However, a negotiable instrument governed by Article 3 is a financial asset if it is held in a securities account.\n5. An option or similar obligation issued by a clearing corporation to its participants is not a security, but is a financial asset.\n6. A commodity contract, as defined in paragraph (p) of subsection 1 of NRS 104.9102, is not a security or a financial asset.\n7. A document of title is not a financial asset unless subparagraph (3) of paragraph (j) of subsection 1 of NRS 104.8102 applies.\n8. A controllable account, controllable electronic record or controllable payment intangible is not a financial asset unless subparagraph (3) of paragraph (j) of subsection 1 of NRS 104.8102 applies.","path":["TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES","INVESTMENT SECURITIES","Short Title and General Matters"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-104.html#NRS104Sec8103","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"fe89c167986b9e55ced73f312a72870031171b391c3bb65add9f7a44b2e190f3","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-104.8102","next":"us-nv/nrs-104.8104"},"notice":"GroundRules: Original legal text. Not legal advice."}