Nevada § 318A.240 - Trustees not to be interested in sales or purchases; contracts void; penalties

Full text of Nevada Nevada Revised Statutes § 318A.240 — Trustees not to be interested in sales or purchases; contracts void; penalties, with citation guidance and answers to common questions.

§ 318A.240. Trustees not to be interested in sales or purchases; contracts void; penalties

1. No trustee may be interested, directly or indirectly, in any property purchased

for the use of the district, or in any purchase or sale of property belonging to the

district. 2. Any contract made in violation of the provisions of subsection 1 may be declared

void. 3. A trustee who violates the provisions of subsection 1 is guilty of a gross misdemeanor

and shall be further punished as provided in NRS 197.230 .

Source: official Nevada text · Last verified 2026-08-27

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Frequently Asked Questions About Nevada § 318A.240

What does Nevada Revised Statutes § 318A.240 cover?

Section 318A.240 ("Trustees not to be interested in sales or purchases; contracts void; penalties") 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 § 318A.240?

A common citation format is "Nevada Revised Statutes § 318A.240" (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 § 318A.240 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.