NRS 616B.303

Standard for insolvency

(Added to NRS by 1985, 582)—(Substituted in revision for NRS 616.2915)

For the purposes of NRS 616B.306, 616B.309 and 616B.318, an employer is insolvent if the employer’s assets are less than the employer’s liabilities.

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