§ 597.112 Definitions
§ 597.1123 ‘Dealer’ defined
§ 597.1127 ‘Dealer agreement’ defined
§ 597.113 ‘Inventory’ defined
§ 597.1133 ‘Net price’ defined
§ 597.1137 ‘Superseded part’ and ‘superseded repair part’ defined
§ 597.114 ‘Supplier’ defined
§ 597.1143 Dealer agreement: Termination, failure to renew or substantial change of terms for good cause
§ 597.1147 Return of surplus parts to supplier; credit for returned parts
§ 597.115 Limitations on requirements imposed by supplier upon dealer; prohibition against certain changes to dealer agreement
§ 597.1153 Repurchase of inventory and equipment by supplier upon termination of dealer agreement
§ 597.1157 Requirements regarding dealer’s reserve account for recourse after termination of dealer agreement
§ 597.116 Limitations on requirements for supplier to repurchase inventory
§ 597.1163 Failure of supplier to repurchase inventory
§ 597.1167 Death of dealer or majority shareholder of dealer
§ 597.117 Security interest of supplier in inventory; inspection of inventory before shipment
§ 597.1173 Enforcement by dealer
§ 597.1177 Warranty work performed by dealer; payment of warranty claim by supplier; audit of claim
§ 597.118 Right, obligation or liability may not be waived
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Terms Used In Nevada Revised Statutes > Chapter 597 > Dealers of Farm Equipment

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Dependent: A person dependent for support upon another.
  • Fraud: Intentional deception resulting in injury to another.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Trustee: A person or institution holding and administering property in trust.