Nevada § 271.585 - Property bid in by or stricken off to municipality held in trust by municipality for special assessment district; when municipality may take and hold property discharged of trust
Full text of Nevada Nevada Revised Statutes § 271.585 — Property bid in by or stricken off to municipality held in trust by municipality for special assessment district; when municipality may take and hold property discharged of trust, with citation guidance and answers to common questions.
§ 271.585. Property bid in by or stricken off to municipality held in trust by municipality for special assessment district; when municipality may take and hold property discharged of trust
When any property is bid in by, or stricken off to, any municipality under any proceeding
provided by NRS 271.540 to 271.580 , inclusive, the property shall be held in trust by the municipality for the special
assessment district for which the assessment was levied for the amount for which the
property was sold, and accrued interest at a rate of not exceeding 1 percent per month
from the date on which the property was bid in by, or stricken off to, the municipality
to the date of the transfer, sale or other disposition of the property. However, the municipality may at any time after receiving a deed pay to the credit
of the improvement district the amount for which the property was sold and accrued
interest as aforesaid, and thereupon take and hold the property discharged of the
trust.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 271.585
What does Nevada Revised Statutes § 271.585 cover?
Section 271.585 ("Property bid in by or stricken off to municipality held in trust by municipality for special assessment district; when municipality may take and hold property discharged of trust") 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 § 271.585?
A common citation format is "Nevada Revised Statutes § 271.585" (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 § 271.585 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.