338.13841 - “Business owned by a veteran with a service-connected disability” defined. - Nevada Statutes

338.13841  “Business owned by a veteran with a service-connected disability” defined.  “Business owned by a veteran with a service-connected disability” means a business:

      1.  Of which at least 51 percent of the ownership interest is held by one or more veterans with service-connected disabilities;

      2.  That is organized to engage in commercial transactions; and

      3.  That is managed and operated on a day-to-day basis by one or more veterans with service-connected disabilities.

Ê The term includes a business which meets the above requirements that is transferred to the spouse of a veteran with a service-connected disability upon the death of the veteran, as determined by the United States Department of Veterans Affairs.

      (Added to NRS by 2009, 2668)