Sections
General Provisions 322.003 – 322.007
Leases for Extraction of Oil, Coal, Gas or Geothermal Resources 322.010 – 322.040
Other Leases and Easements 322.050 – 322.075
Other Lawful Uses 322.100 – 322.170

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Terms Used In Nevada Revised Statutes > Chapter 322 - Use of State Lands

  • Contract: A legal written agreement that becomes binding when signed.
  • Ex officio: Literally, by virtue of one's office.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: means a state, territory or possession of the United States, the District of Columbia or the Commonwealth of Puerto Rico. See Nevada Revised Statutes 88.315
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.