Nevada § 396.420 - Acceptance of property
Full text of Nevada Nevada Revised Statutes § 396.420 — Acceptance of property, with citation guidance and answers to common questions.
§ 396.420. Acceptance of property
1. The Board of Regents may accept and take in the name of the System, for the benefit
of any branch or facility of the System, by grant, gift, devise or bequest, any property
for any purpose appropriate to the System. 2. Property so acquired must be taken, received, held, managed, invested, and the
proceeds thereof used, bestowed and applied by the Board of Regents for the purposes,
provisions and conditions prescribed by the respective grant, gift, devise or bequest. 3. Nothing in this chapter prohibits the State of Nevada from accepting and taking
by grant, gift, devise or bequest any property for the use and benefit of the System.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 396.420
What does Nevada Revised Statutes § 396.420 cover?
Section 396.420 ("Acceptance of property") 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 § 396.420?
A common citation format is "Nevada Revised Statutes § 396.420" (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 § 396.420 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.