Nevada § 232B.100 - Termination of agency: Winding up affairs; limitation upon contracts; disposal of property, assets and liabilities
Full text of Nevada Nevada Revised Statutes § 232B.100 — Termination of agency: Winding up affairs; limitation upon contracts; disposal of property, assets and liabilities, with citation guidance and answers to common questions.
§ 232B.100. Termination of agency: Winding up affairs; limitation upon contracts; disposal of property, assets and liabilities
1. An agency may continue in existence until July 1 of the year immediately succeeding
the effective date of its termination for the purpose of winding up its affairs, unless
the agency has been consolidated with another. 2. The powers and duties of an agency are not abrogated or otherwise limited during
the period between its termination and the following July 1, but no agency may enter
into or let any contract, the performance of which extends beyond July 1 of the year
immediately following the year in which it is terminated. 3. The Director of the Department of Administration is responsible for disposing of
any property of a terminated agency. All assets and liabilities of an agency which has been consolidated with another must
be taken over by the successor agency. Money in the State Treasury which is held in a special fund for an agency which has
been terminated reverts to the State General Fund on July 1 of the year immediately
following the year in which the agency was terminated.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 232B.100
What does Nevada Revised Statutes § 232B.100 cover?
Section 232B.100 ("Termination of agency: Winding up affairs; limitation upon contracts; disposal of property, assets and liabilities") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 232B.100?
A common citation format is "Nevada Revised Statutes § 232B.100" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 232B.100 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.