Nevada § 318.5122 - Resolution declaring intent to sell at auction and finding that sale is in best interest of district; notice
Full text of Nevada Nevada Revised Statutes § 318.5122 — Resolution declaring intent to sell at auction and finding that sale is in best interest of district; notice, with citation guidance and answers to common questions.
§ 318.5122. Resolution declaring intent to sell at auction and finding that sale is in best interest of district; notice
1. Except as otherwise provided in NRS 318.1177 , 318.118 , 318.215 and 318.5124 , before ordering the sale of any real property owned by the general improvement district,
the board of trustees shall, in open meeting by a majority vote of the members, adopt
a resolution declaring the intention of the board to sell the property at auction
and finding that the sale is in the best interest of the district. The resolution must: (a) Describe the property proposed to be sold in such a manner as to identify the
property. (b) Specify the minimum price and the terms upon which the property will be sold. (c) Fix a time, not less than 3 weeks thereafter, for a public meeting of the board
of trustees to be held at its regular place of meeting, at which sealed bids will
be received and considered. 2. Notice of the adoption of the resolution and of the time and place of holding the
meeting must be given by: (a) Posting copies of the resolution in three public places in the district not less
than 15 days before the date of the meeting; and (b) Causing to be published at least once a week for 3 successive weeks before the
meeting, in a newspaper qualified under chapter 238 of NRS that is published in the
county in which the real property is located, a notice setting forth: (1) A description of the real property proposed to be sold at auction in such a manner
as to identify the property; (2) The minimum price of the real property proposed to be sold at auction; and (3) The places at which the resolution described in subsection 1 has been posted pursuant
to paragraph (a), and any other places at which copies of that resolution may be obtained. If no qualified newspaper is published within the county in which the real property
is located, the required notice must be published in some qualified newspaper printed
in the State of Nevada and having a general circulation within the county.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 318.5122
What does Nevada Revised Statutes § 318.5122 cover?
Section 318.5122 ("Resolution declaring intent to sell at auction and finding that sale is in best interest of district; notice") 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 § 318.5122?
A common citation format is "Nevada Revised Statutes § 318.5122" (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 § 318.5122 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.