NRS 91.050 “Commodity” defined.

160 words·~1 min read·/nv/chapter-91-commodities/91-050

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. “Commodity” means, except as otherwise provided in subsection 2 or specified by the Administrator by regulation or order:

(a)Any agricultural, grain or livestock product or by-product;

(b)Any metal or mineral, including a precious metal;

(c)Any gem or gemstone whether characterized as precious, semiprecious or otherwise;

(d)Any fuel, whether liquid, gaseous or otherwise;

(e)Any foreign currency; and

(f)All other goods, articles, products or items of any kind.

2. “Commodity” does not include:

(a)A numismatic coin whose fair market value is at least 15 percent higher than the value of the metal it contains;

(b)Real property or any timber, agricultural or livestock product grown or raised on real property and offered or sold by the owner or lessee of such real property; or

(c)Any work of art offered or sold by art dealers, at public auction or offered or sold through a private sale by the owner thereof.