Nevada Revised Statutes 360A.430 – Sale of seized property: Procedure
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1. At a sale described in NRS 360A.420, the Department shall sell the property in accordance with law and the notice and deliver to the purchaser a bill of sale for the personal property and a deed for any real property sold. The bill of sale or deed vests the interest or title of the person liable for the amount in the purchaser.
Terms Used In Nevada Revised Statutes 360A.430
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Department: means the Department of Motor Vehicles. See Nevada Revised Statutes 360A.010
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
2. The unsold portion of any property seized may be left at the place of sale at the risk of the person liable for the amount.