704.7568 - “Dispose of a generation asset” defined. - Nevada Statutes

704.7568  “Dispose of a generation asset” defined.  “Dispose of a generation asset” means to:

      1.  Sell, lease, assign, transfer or divest an interest in a generation asset, in whole or in part, to another person; or

      2.  Perform any promise, covenant or obligation to sell, lease, assign, transfer or divest an interest in a generation asset, in whole or in part, to another person pursuant to the terms of a contract or agreement executed before, on or after April 18, 2001, unless, before April 18, 2001:

      (a) All terms and conditions of the contract or agreement were satisfied; and

      (b) All parties to the contract or agreement fully performed all promises, covenants and obligations under the contract or agreement.

      (Added to NRS by 2001, 343)