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NRS 357.024

“Obligation” defined

(Added to NRS by 2013, 1043)

“Obligation” means any established duty, regardless of whether the duty is a fixed duty, arising from:

1. An express or implied contractual relationship;

2. A relationship between a grantor and a grantee;

3. A relationship between a licensor and a licensee;

4. A fee-based or similar relationship;

5. A statute or regulation; or

6. The retention of any overpayment.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.