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Nevada Revised Statutes Title 25. Public Organizations for Community Service § 318.5124. Exceptions to requirements for sale at auction

Current as of January 01, 2025 | Updated by Findlaw Staff

A board of trustees may sell any real property owned by the district without complying with the provisions of NRS 318.5122 and 318.5123 to:

1. A person who owns real property located adjacent to the real property to be sold if the board has determined by resolution that the sale will be in the best interest of the district and the real property is a:

(a) Parcel that, as a result of its size, is too small to establish an economically viable use by anyone other than the person who owns real property adjacent to the real property for sale; or

(b) Parcel which is subject to a deed restriction prohibiting the use of the real property by anyone other than the person who owns real property adjacent to the real property for sale.

2. The State or another governmental entity if:

(a) The sale restricts the use of the real property to a public use; and

(b) The board adopts a resolution finding that the sale will be in the best interest of the district.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 25. Public Organizations for Community Service § 318.5124. Exceptions to requirements for sale at auction - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-25-public-organizations-for-community-service/nv-rev-st-318-5124/

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