NRS 325.090
Sale or lease of unclaimed land

disposition of proceeds.

1.

If any lot, block, share or parcel of such land is not claimed as provided in NRS 325.050 or 325.130, such land shall be sold to the highest bidder, after notice as required in NRS 325.140. The net proceeds, after deduction of all legitimate expenses, shall be applied to the construction and equipment of public buildings, highways, water, light or sewerage systems for the city or town within which the land is situated.

2.

The corporate authorities or the judge of the district court are further empowered to lease, for a term not exceeding 10 years, upon such conditions as appear reasonable, any lots, blocks, shares or parcels of land, including areas dedicated as streets and alleys, whenever it shall be made to appear by verified petition and public hearing thereon, after notice as required in NRS 325.040, that such procedure is for the best interests of the city or town. Such lease may include the right to remove any and all mineral-bearing rock and earth contained within such leased area.

Source: Section 325.090 — Sale or lease of unclaimed land; disposition of proceeds., https://www.leg.state.nv.us/NRS/NRS-325.html#NRS325Sec090.

325.010
Entry by corporate authorities or district judge in trust for occupants 325.020
Recording of certificate of entry or patent 325.030
Conveyance of title by corporate authorities or district judge: Grantees’ rights 325.040
Notice of receipt of patent by corporate authorities or district judge: Contents 325.050
Claimants to sign and deliver written statements describing claimed lands 325.060
Contest on adverse claims by two or more persons: Proceedings certified to district court 325.070
Fee simple deeds to be executed and delivered by trustees on payment of purchase money and expenses 325.080
Sale of unclaimed land 325.090
Sale or lease of unclaimed land 325.100
Survey of townsite: Expenses. 325.110
Trustees: Discharge of trust after going out of office 325.120
Exclusive procedure for determining adverse claims or clouds on title. 325.130
Establishment or confirmation of claim: Filing of statement with clerk of district court 325.140
Notice of claim: Contents 325.150
Prior adverse claim barred on execution and delivery of deed.

Last Updated

Feb. 5, 2021

§ 325.090’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_325.090

Original Source: Section 325.090 — Sale or lease of unclaimed land; disposition of proceeds., https://www.leg.state.nv.us/NRS/NRS-325.html#NRS325Sec090 (last accessed Feb. 5, 2021).