Nevada Code § 159.142

Sale of interest of protected person in real property owned jointly with one or more persons
Open in Lexace · Ask the AI about this section
1. If a protected person owns real
property jointly with one or more other persons, after the court grants
authority to sell the property, the interest owned by the protected person may
be sold to one or more joint owners of the property only if:
(a) All joint owners of the property have been
given notice that the court has granted the authority to sell the property;
(b) The guardian files a petition with the court
to confirm the sale pursuant to NRS 159.134 ;
and
(c) The court confirms the sale.
2. The court shall confirm the sale only
if:
(a) The net amount of the proceeds from the sale
to the estate of the protected person is not less than 90 percent of the fair
market value of the portion of the property to be sold; and
(b) Upon confirmation, the estate of the
protected person will be released from all liability for any mortgage or lien
on the property.

‹ Prev All Nevada sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.