Nevada Revised Statutes 360.550 – Sale of property for delinquent taxes
Current as of: 2022 | Check for updates
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1. At the sale the Department shall sell the property in accordance with law and the notice and shall 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 360.550
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Department: means the Department of Taxation. See Nevada Revised Statutes 360.001
- 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.