Nevada Revised Statutes 281.5585 – ‘Gift’ defined
1. ’Gift’ means any payment, conveyance, transfer, distribution, deposit, advance, loan, forbearance, subscription, pledge or rendering of money, services or anything else of value, unless consideration of equal or greater value is received.
Terms Used In Nevada Revised Statutes 281.5585
- Donor: The person who makes a gift.
- Forbearance: A means of handling a delinquent loan. A
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- 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
- Public officer: means a person elected or appointed to a position which:
(a) Is established by the Constitution or a statute of this State, or by a charter or ordinance of a political subdivision of this State; and
(b) Involves the continuous exercise, as part of the regular and permanent administration of the government, of a public power, trust or duty. See Nevada Revised Statutes 281.005
2. The term does not include:
(a) Any political contribution of money or services related to a political campaign.
(b) Any commercially reasonable loan made in the ordinary course of business.
(c) Anything of value provided for an educational or informational meeting, event or trip.
(d) Anything of value excluded from the term ‘gift’ as defined in NRS 218H.060.
(e) Any ceremonial gifts received for a birthday, wedding, anniversary, holiday or other ceremonial occasion from a donor who is not an interested person.
(f) Anything of value received from a person who is:
(1) Related to the public officer or candidate, or to the spouse or domestic partner of the public officer or candidate, by blood, adoption, marriage or domestic partnership within the third degree of consanguinity or affinity; or
(2) A member of the public officer’s or candidate’s household.
(g) Anything of value received by a person as part of his or her bona fide employment or service as an employee or independent contractor or otherwise paid for or reimbursed to the person as part of his or her bona fide employment or service as an employee or independent contractor.