Nevada § 39.420 - When interests of parties ascertained, securities must be taken in their names
Full text of Nevada Nevada Revised Statutes § 39.420 — When interests of parties ascertained, securities must be taken in their names, with citation guidance and answers to common questions.
§ 39.420. When interests of parties ascertained, securities must be taken in their names
When the parties to an action for partition agree upon their interests in the property
to be partitioned or their interests have been determined by the court and the property
is sold on credit which is secured by the purchasers, the security must be taken in
the names of the parties entitled to the security. The security must be delivered to them upon their receipt for it. The agreement of the parties and the receipt must be returned and filed with the clerk.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 39.420
What does Nevada Revised Statutes § 39.420 cover?
Section 39.420 ("When interests of parties ascertained, securities must be taken in their names") 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 § 39.420?
A common citation format is "Nevada Revised Statutes § 39.420" (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 § 39.420 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.