Nevada § 321.300 - Contractors and patentees deemed to have right to exclusive possession or fee simple title, including all gas, coal, oil and oil shales, subject to royalty payments
Full text of Nevada Nevada Revised Statutes § 321.300 — Contractors and patentees deemed to have right to exclusive possession or fee simple title, including all gas, coal, oil and oil shales, subject to royalty payments, with citation guidance and answers to common questions.
§ 321.300. Contractors and patentees deemed to have right to exclusive possession or fee simple title, including all gas, coal, oil and oil shales, subject to royalty payments
1. Every person who entered into a contract with the State of Nevada for the purchase
of any trust lands of the State of Nevada before July 3, 1997, or his or her heirs,
assigns or lawful successors, and every patentee of trust lands purchased from the
State of Nevada, shall, subject to the royalty provided for in subsection 3, be deemed
and held to have the right to the exclusive possession of the lands described in the
contract or patent, including all gas, coal, oil and oil shales that may exist in
those lands. 2. Every person who has received or is entitled to receive a patent from this State
granting to the person any of those lands, or his or her heirs, assigns or lawful
successors shall, subject to the royalty provided for in subsection 3, be deemed to
have the fee simple title to the lands described in the patent, including all gas,
coal, oil and oil shales which may exist therein. 3. Any person described in subsection 1 or 2 shall pay to the State of Nevada for
the fund which was the original beneficiary of those lands a royalty of 5 percent
of the net proceeds of all gas, coal or oil mined or extracted therefrom. 4. The provisions of this section do not impair any rights acquired before July 1,
1921, pursuant to existing laws to any of those lands or rights therein.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 321.300
What does Nevada Revised Statutes § 321.300 cover?
Section 321.300 ("Contractors and patentees deemed to have right to exclusive possession or fee simple title, including all gas, coal, oil and oil shales, subject to royalty payments") 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 § 321.300?
A common citation format is "Nevada Revised Statutes § 321.300" (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 § 321.300 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.