91.050 - “Commodity” defined. - Nevada Statutes

91.050  “Commodity” defined.

      1.  “Commodity” means, except as otherwise provided in subsection 2 or specified by the Administrator by regulation or order:

      (a) Any agricultural, grain or livestock product or by-product;

      (b) Any metal or mineral, including a precious metal;

      (c) Any gem or gemstone whether characterized as precious, semiprecious or otherwise;

      (d) Any fuel, whether liquid, gaseous or otherwise;

      (e) Any foreign currency; and

      (f) All other goods, articles, products or items of any kind.

      2.  “Commodity” does not include:

      (a) A numismatic coin whose fair market value is at least 15 percent higher than the value of the metal it contains;

      (b) Real property or any timber, agricultural or livestock product grown or raised on real property and offered or sold by the owner or lessee of such real property; or

      (c) Any work of art offered or sold by art dealers, at public auction or offered or sold through a private sale by the owner thereof.

      (Added to NRS by 1987, 1282)