490.400 - Vehicle taken in trade by off-highway vehicle dealer: Satisfaction of outstanding security interest. [Effective 1 year after the date the Interim Finance Committee issues a notice to the Dep - Nevada Statutes

490.400  Vehicle taken in trade by off-highway vehicle dealer: Satisfaction of outstanding security interest. [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.]  If a licensed off-highway vehicle dealer takes an off-highway vehicle in trade on the purchase of another off-highway vehicle and there is an outstanding security interest, the licensed off-highway vehicle dealer shall satisfy the outstanding security interest within 30 days after the off-highway vehicle is taken in trade on the purchase of the other off-highway vehicle.

      (Added to NRS by 2009, 3094, 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)