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Nevada Rev. Stat.
2025 Nevada Revised Statutes
Chapter 671 - Money Transmission
NRS 671.0105 - "Material litigation" defined.
Universal Citation:
NV Rev Stat § 671.0105 (2025)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
"Material litigation" means litigation that, according to generally accepted accounting principles in the United States, is significant to the financial health of a person and would be required to be disclosed by the person in an annual audited financial statement, report to shareholders or similar record.
(Added to NRS by 2023, 98)
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