Nev. Rev. Stat. § 39.630

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 39.630 - "Heirs property" defined

"Heirs property" means real property held in tenancy in common which satisfies all the following requirements as of the filing of a partition action:

1. There is no agreement in a record binding all the cotenants which governs the partition of the property.
2. One or more of the cotenants acquired title from a relative, whether living or deceased.
3. Any of the following applies:
(a) Twenty percent or more of the interests are held by cotenants who are relatives;
(b) Twenty percent or more of the interests are held by an individual who acquired title from a relative, whether living or deceased; or
(c) Twenty percent or more of the cotenants are relatives.

NRS 39.630

Added to NRS by 2011, 310
Added to NRS by 2011, 310