Nevada · statute · Nev. Rev. Stat. ch. 32 · 53 active provisions
A receiver may be appointed by the court in which an action is pending, or by the judge thereof: 1. In an action by a vendor to vacate a fraudulent purchase of property, or by a creditor to subject any property or fund to the creditor’s claim, or between partners or others jointly owning or interested in any property o…
1. In addition to the cases enumerated in NRS 32.010, a court or judge may appoint a receiver in an action brought by a secured lender to enforce the right provided in NRS 40.507, or a similar right provided in a mortgage, to enter and inspect real collateral to determine the existence, location, nature and magnitude o…
1. In any receivership proceeding instituted in which a dividend has been declared and ordered paid to creditors, any dividend which remains unclaimed for 3 years reverts to the general fund of the estate and must be applied as follows: (a) To the payment of costs and expenses of the administration of the estate and re…
NRS 32.100 to 32.370, inclusive, may be cited as the Uniform Commercial Real Estate Receivership Act.
As used in NRS 32.100 to 32.370, inclusive, unless the context otherwise requires, the words and terms defined in NRS 32.110 to 32.215, inclusive, have the meanings ascribed to them in those sections.
“Affiliate” means: 1. With respect to an individual: (a) A companion of the individual; (b) A lineal ancestor or descendant, whether by blood or adoption, of: (1) The individual; or (2) A companion of the individual; (c) A companion of an ancestor or descendant described in paragraph (b); (d) A sibling, aunt, uncle, gr…
“Companion” means: 1. The spouse of an individual; 2. The domestic partner, as defined in NRS 122A.030, of an individual; or 3. Another individual in a civil union with an individual.
“Court” means a district court of this State.
“Executory contract” means a contract, including a lease, under which each party has an unperformed obligation and the failure of a party to complete performance would constitute a material breach.
“Governmental unit” means an office, department, division, bureau, board, commission or other agency of this State or a subdivision of this State.
“Lien” means an interest in property which secures payment or performance of an obligation.
“Mortgage” means a record, however denominated, that creates or provides for a consensual lien on real property or rents, even if it also creates or provides for a lien on personal property.
“Mortgagee” means a person entitled to enforce an obligation secured by a mortgage.
“Mortgagor” means a person that grants a mortgage or a successor in ownership of the real property described in the mortgage.
“Owner” means the person for whose property a receiver is appointed.
“Person” means an individual, estate, business or nonprofit entity, public corporation, government or governmental subdivision, agency or instrumentality, or other legal entity.
“Proceeds” means the following property: 1. Whatever is acquired on the sale, lease, license, exchange or other disposition of receivership property; 2. Whatever is collected on, or distributed on account of, receivership property; 3. Rights arising out of receivership property; 4. To the extent of the value of receive…
“Property” means all of a person’s right, title and interest, both legal and equitable, in real and personal property, tangible and intangible, wherever located and however acquired. The term includes proceeds, products, offspring, rents or profits of or from the property.
“Receiver” means a person appointed by the court as the court’s agent, and subject to the court’s direction, to take possession of, manage and, if authorized by NRS 32.100 to 32.370, inclusive, or court order, transfer, sell, lease, license, exchange, collect or otherwise dispose of receivership property.
“Receivership” means a proceeding in which a receiver is appointed.
“Receivership property” means the property of an owner that is described in the order appointing a receiver or a subsequent order. The term includes any proceeds, products, offspring, rents or profits of or from the property.
“Record,” used as a noun, means information that is inscribed on a tangible medium or that is stored on an electronic or other medium and is retrievable in perceivable form.
“Rents” means: 1. Sums payable for the right to possess or occupy, or for the actual possession or occupation of, real property of another person; 2. Sums payable to a mortgagor under a policy of rental-interruption insurance covering real property; 3. Claims arising out of a default in the payment of sums payable for…
“Secured obligation” means an obligation the payment or performance of which is secured by a security agreement.
“Security agreement” means an agreement that creates or provides for a lien.