Nevada § 362.105 - “Royalty” defined
Full text of Nevada Nevada Revised Statutes § 362.105 — “Royalty” defined, with citation guidance and answers to common questions.
§ 362.105. “Royalty” defined
As used in NRS 362.100 to 362.240 , inclusive, unless the context otherwise requires: 1. “Royalty” means a portion of the proceeds from extraction of a mineral which is
paid for the privilege of extracting the mineral. 2. “Royalties” do not include: (a) Rents or other compensatory payments which are fixed and certain in amount and
payable periodically over the duration of the lease regardless of the extent of extractions;
or (b) Minimum royalties covering periods when no mineral is extracted if the payments
are fixed and certain in amount and payable on a regular periodic basis.
Frequently Asked Questions About Nevada § 362.105
What does Nevada Revised Statutes § 362.105 cover?
Section 362.105 ("“Royalty” defined") 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 § 362.105?
A common citation format is "Nevada Revised Statutes § 362.105" (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 § 362.105 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.