2011 Nevada Revised Statutes
Chapter 482 - Motor Vehicles and Trailers: Licensing, Registration, Sales and Leases
NRS 482.053 - Lease, long-term lessee, long-term lessor, short-term lessee and short-term lessor defined.
For the purposes of regulation under this chapter and of imposing tort liability under NRS 41.440, and for no other purpose:
1. Lease means a contract by which the lienholder or owner of a vehicle transfers to another person, for compensation, the right to use such vehicle.
2. Long-term lessee means a person who has leased a vehicle from another person for a fixed period of more than 31 days.
3. Long-term lessor means a person who has leased a vehicle to another person for a fixed period of more than 31 days.
4. Short-term lessee means a person who has leased a vehicle from another person for a period of 31 days or less, or by the day, or by the trip.
5. Short-term lessor means a person who has leased a vehicle to another person for a period of 31 days or less, or by the day, or by the trip.
(Added to NRS by 1967, 704; A 1975, 1070)
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