Nevada Revised Statutes 543.665 – Boundary changes; liability of property
1. The boundary of any district organized under the provisions of NRS 543.170 to 543.830, inclusive, may be changed in the manner prescribed in NRS 543.675 and 543.685, but the change of boundaries of the district does not impair or affect its organization, or affect, impair or discharge any contract, obligation, lien or charge on which it or the property therein might be liable or chargeable had the change of boundaries not been made.
Terms Used In Nevada Revised Statutes 543.665
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
2. Property included within or annexed to a district is subject to the payment of taxes, assessments and charges, as provided in NRS 543.685. Real property excluded from a district is thereafter subject to the levy of taxes for the payment of its proportionate share of any indebtedness of the district outstanding at the time of the exclusion and is subject to any outstanding special assessment lien thereon.