Nevada. Statutory Language

Nevada Statute 31-29

NEVADA STATUTE

NEVADA UNFAIR TRADE PRACTICE ACT

Nev. Rev. Stat. §§ 598A.010 to 598A.280

§ 598A.010. Short title

This chapter may be cited as the Nevada Unfair Trade Practice Act.

§ 598A.020. Definitions

When used in this chapter, unless the context otherwise requires:

1. “Commodity” means any goods, merchandise, wares, produce, chose in

action, patents, trade-marks, articles of commerce, or other tangible or intangible

property, real, personal, or mixed, for use, consumption, enjoyment or resale.

2. “Service” means activity performed or benefits conferred for the purpose

of economic gain.

3. “Trade or commerce” includes all economic activity involving or relating

to any commodity or service.

§ 598A.030. Legislative declaration

1. The legislature hereby finds that:

(a) The free, open and competitive production and sale of commodities

and services is necessary to the economic well-being of the citizens of the State of

Nevada. (b) The acts of persons which result in the restraint of trade and

commerce: (1) Act to destroy free and open competition in our market

system and, thereby, result in increased costs and deterioration in quality of

commodities and services to the citizens of the State of Nevada.

(2) Result in economic hardships in the form of increased

consumer prices and increased taxes upon many citizens of the State of Nevada least

able to bear such increased costs.

2. It is the policy of this state and the purpose of this chapter to:

(a) Prohibit acts in restraint of trade or commerce, except where

properly regulated as provided by law.

(b) Preserve and protect the free, open and competitive nature of our

market system.

(c) Penalize all persons engaged in such anticompetitive practices to the

full extent allowed by law, in accordance with the penalties provided herein.