Nevada Revised Statutes 159A.134 – Selling real property of protected minor
1. All sales of real property of a protected minor must be confirmed by the court pursuant to NRS 159A.146 before escrow closes for the sale and title to the real property passes to the purchaser.
Terms Used In Nevada Revised Statutes 159A.134
- Contract: A legal written agreement that becomes binding when signed.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
2. A petition for confirmation of the sale must be filed with the court not later than 30 days after the date of the sale, which is the date on which the contract for the sale was signed.
3. The court shall set the date of the hearing for confirmation of the sale and give notice of the hearing in the manner required pursuant to NRS 159A.115 or as the court may order.
4. An interested person may file written objections to the confirmation of the sale before the hearing for confirmation of the sale. If such objections are filed, the court shall conduct a hearing regarding those objections during which the interested person may offer witnesses in support of the objections. The court may, in its discretion, allow oral objections to the confirmation of the sale on the date of the hearing for confirmation of the sale.
5. Before the court confirms a sale, the court must find that notice of the sale was given in the manner required pursuant to NRS 159A.1425 and 159A.144, unless the sale was exempt from notice pursuant to NRS 159A.123.