NRS 91.100 “Commodity option” defined.
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/nv/chapter-91-commodities/91-100A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 91.100 “Commodity option” defined. “Commodity option” means any account, agreement or contract giving a party thereto the right but not the obligation to purchase or sell one or more commodities or one or more commodity contracts, whether characterized as an option, privilege, indemnity, bid, offer, put, call, advance guaranty, decline guaranty or otherwise, but does not include an option traded on a national securities exchange registered with the Securities and Exchange Commission.