NRS 463B.240
Sale of gaming establishment: Notice

  • transfer of property to buyer
  • payment of proceeds to former owners.
The following provisions apply to any sale of a gaming establishment pursuant to this chapter:

1.

All known creditors and other persons designated by the court who are known to have had a legal ownership interest in the gaming establishment immediately prior to the appointment of the supervisor must be notified of the proposed sale at least 30 days before the hearing on the petition for approval of the sale. The notice must be delivered personally or sent by registered or certified mail to the last known address of each such person. The court shall also order that notice be published in a newspaper of general circulation in the county in which the establishment is located. If the address of a creditor or owner is not known, or personal service is not possible for some other reason, service by publication shall be deemed adequate. Any person so notified may file with the court a statement of objections to the proposed sale, including all grounds for the objections no later than 10 days before the hearing.

2.

Upon completion of a sale pursuant to this chapter, the appointment of the supervisor terminates, except that the supervisor shall convey all his or her right, title and interest of the supervisor in the property of the gaming establishment to the buyer and shall pay the net proceeds of the sale to those persons who owned the property at the time he or she acquired it, or their successors or assignees, according to their respective interests.

Source: Section 463B.240 — Sale of gaming establishment: Notice; transfer of property to buyer; payment of proceeds to former owners., https://www.­leg.­state.­nv.­us/NRS/NRS-463B.­html#NRS463BSec240.

463B.010
Definitions. 463B.020
“Commission” defined. 463B.040
“Supervisor” defined. 463B.050
State policy concerning continued operation of gaming establishment whose license is surrendered, lapsed, suspended or revoked. 463B.060
Applicability of chapter. 463B.070
Regulations. 463B.075
Hearing upon suspension of license regarding appointment of supervisor 463B.080
Appointment of supervisor. 463B.090
Limitations on order of court to stay appointment or enjoin supervisor. 463B.100
Compensation of supervisor and other persons. 463B.110
Supervisor subject to gaming laws and regulations 463B.120
Powers and duties of supervisor under gaming license issued by municipality. 463B.130
Vesting of property interests in supervisor 463B.140
Disposition of certain securities does not affect supervisor. 463B.150
Duties of supervisor. 463B.160
Powers of supervisor. 463B.170
Retention of books, records, evidences of debt and accounts in State. 463B.180
Order compelling delivery of property to supervisor. 463B.190
Effect of appointment of supervisor upon obligations of establishment. 463B.200
Distribution to former legal owner 463B.210
Reports by supervisor: Filing 463B.220
Sale of gaming establishment by former owner: Conditions 463B.230
Sale of gaming establishment by supervisor: Time 463B.240
Sale of gaming establishment: Notice 463B.250
Objection to suitability of supervisor 463B.260
Certain circumstances requiring termination of appointment of supervisor. 463B.270
Limitation on personal liability of supervisor. 463B.280
Unlawful acts
Last Updated

Feb. 5, 2021

§ 463B.240’s source at nv​.us