Nevada § 37.111 - Additional compensation for loss of goodwill
Full text of Nevada Nevada Revised Statutes § 37.111 — Additional compensation for loss of goodwill, with citation guidance and answers to common questions.
§ 37.111. Additional compensation for loss of goodwill
1. In addition to any amount of compensation determined pursuant to NRS 37.110 , the owner of a business conducted on property that is acquired pursuant to this
chapter must be compensated for loss of goodwill if: (a) The condemnation causes the business to be dissolved and the business cannot be
relocated for reasons beyond the control of the owner, including, without limitation,
the unavailability of a new franchise or when the value of the business is inextricably
tied to the unique location of the property being condemned; and (b) The owner of the business has a property interest in the property acquired pursuant
to this chapter. 2. As used in this section, “ goodwill ” means the component of value attributed to the reputation, loyal customer base,
ability to attract new customers and location of a business. The term does not include the loss of anticipated profits or loss of business opportunity.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 37.111
What does Nevada Revised Statutes § 37.111 cover?
Section 37.111 ("Additional compensation for loss of goodwill") 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 § 37.111?
A common citation format is "Nevada Revised Statutes § 37.111" (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 § 37.111 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.