NRS 32.220 Scope; exclusions.

304 words·~1 min read·/nv/chapter-32-receivers/32-220

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. Except as otherwise provided in subsection 2 or 3, NRS 32.100 to 32.370 , inclusive, apply to a receivership for an interest in real property and any personal property related to or used in operating the real property.

2. NRS 32.100 to 32.370 , inclusive, do not apply to a receivership for an interest in real property improved by one to four dwelling units unless:

(a)The interest is used for agricultural, commercial, industrial or mineral-extraction purposes, other than incidental uses by an owner occupying the property as the owner’s primary residence;

(b)The interest secures an obligation incurred at a time when the property was used or planned for use for agricultural, commercial, industrial or mineral-extraction purposes;

(c)The owner planned or is planning to develop the property into one or more dwelling units to be sold or leased in the ordinary course of the owner’s business; or

(d)The owner is collecting or has the right to collect rents or other income from the property from a person other than an affiliate of the owner.

3. NRS 32.100 to 32.370 , inclusive, do not apply to a receivership authorized by law of this State other than NRS 32.100 to 32.370 , inclusive, in which the receiver is a governmental unit or an individual acting in an official capacity on behalf of the unit except to the extent provided by the other law.

4. NRS 32.100 to 32.370 , inclusive, do not limit the authority of a court to appoint a receiver under law of this State other than NRS 32.100 to 32.370 , inclusive.

5. Unless displaced by a particular provision of NRS 32.100 to 32.370 , inclusive, the principles of law and equity supplement the provisions of NRS 32.100 to 32.370 , inclusive.

Administration of Receiverships