Nevada § 522.0844 - Property acquired by unit is owned by lessees subject to management by unit
Full text of Nevada Nevada Revised Statutes § 522.0844 — Property acquired by unit is owned by lessees subject to management by unit, with citation guidance and answers to common questions.
§ 522.0844. Property acquired by unit is owned by lessees subject to management by unit
All property, whether real or personal, which the unit may in any way acquire, hold
or possess, may not be acquired, held or possessed by the unit for its own account
but must be so acquired, held and possessed by the unit for the account and as agent
of the several lessees and is the property of the lessees as their interests may appear
under the plan of unitization, subject to the right of the unit to the possession,
management, use or disposal of the property in the proper conduct of its affairs,
and subject to any lien the unit may have on it to secure the payment of unit expense.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 522.0844
What does Nevada Revised Statutes § 522.0844 cover?
Section 522.0844 ("Property acquired by unit is owned by lessees subject to management by unit") 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 § 522.0844?
A common citation format is "Nevada Revised Statutes § 522.0844" (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 § 522.0844 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.