490.064 - Definitions for limited purposes. [Effective 1 year after the date the Interim Finance Committee issues a notice to the Department of Motor Vehicles that adequate money is available to begin - Nevada Statutes

490.064  Definitions for limited purposes. [Effective 1 year after the date the Interim Finance Committee issues a notice to the Department of Motor Vehicles that adequate money is available to begin registering off-highway vehicles or on July 1, 2011, whichever is sooner, and expires by limitation on July 1, 2011, if such notice is not given before that date.]  For the purposes of regulation under this chapter and of imposing tort liability under NRS 41.440, and for no other purpose:

      1.  “Lease” means a contract by which the lienholder or owner of an off-highway vehicle transfers to another person, for compensation, the right to use such off-highway vehicle.

      2.  “Long-term lessee” means a person who has leased an off-highway vehicle from another person for a fixed period of more than 31 days.

      3.  “Long-term lessor” means a person who has leased an off-highway vehicle to another person for a fixed period of more than 31 days.

      4.  “Short-term lessee” means a person who has leased an off-highway vehicle from another person for a period of 31 days or less, or by the day, or by the trip.

      5.  “Short-term lessor” means a person who has leased an off-highway vehicle to another person for a period of 31 days or less, or by the day, or by the trip.

      (Added to NRS by 2009, 3078, effective 1 year after the date the Interim Finance Committee issues a notice to the Department of Motor Vehicles that adequate money is available to begin registering off-highway vehicles or on July 1, 2011, whichever is sooner, and expires by limitation on July 1, 2011, if such notice is not given before that date)