Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE31 PUBLIC FINANCIAL ADMINISTRATION |
CHAPTER353. State Financial Administration |
STATE ACCOUNTING PROCEDURES LAW |
NRS353.3087. “Liability” defined.
Latest version.
- “Liability” means a debt or other legal obligation arising out of a transaction in the past which must be liquidated, renewed or refunded at some future date.
(Added to NRS by 1977, 38; A 1987, 624)