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NEVADA STATUTES AND CODES

354.548 - “Liabilities” defined.

354.548  “Liabilities” defined.  “Liabilities” means, for the purpose of financial reporting, debts or other legal obligations arising out of transactions in the past which must be liquidated or refunded at some future date.

      (Added to NRS by 1965, 729; A 1981, 1763)

     

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