Nev. Rev. Stat. § 115.055
Proceeds from sale of homestead only exempt from execution if reinvested in another property that is identified and taken possession of within certain periods
Nevada · Nevada Revised Statutes Chapter 115 — Homesteads · Status: effective
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- Citation
- Nev. Rev. Stat. § 115.055, Proceeds from sale of homestead only exempt from execution if reinvested in another property that is identified and taken possession of within certain periods, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2080918
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Full text
Notwithstanding any other provision of law, the proceeds of $605,000 from the sale of a homestead pursuant to subsection 2 or 3 of NRS 115.050 are only exempt from execution if:
1. Such proceeds are reinvested in another property of like kind for which the declaration of a homestead will be made; and
2. The other property is:
(a) Identified not later than 45 days after the sale of the homestead; and
(b) Taken possession of not later than 180 days after the sale of the homestead.