There is a newer version of the Nevada Revised Statutes
2011 Nevada Revised Statutes
Chapter 353 - State Financial Administration
NRS 353.3087 - Liability defined.
NV Rev Stat § 353.3087 (2011) What's This?
Liability means a debt or other legal obligation arising out of a transaction in the past which must be liquidated, renewed or refunded at some future date.
(Added to NRS by 1977, 38; A 1987, 624)
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