Nevada Revised Statutes 37.030 – Private property subject to condemnation; local government prohibited from entering into agreement to exercise eminent domain to take mortgage, deed of trust or mortgage lien on private property or note secured by mor…
1. The private property which may be taken under this chapter includes:
Terms Used In Nevada Revised Statutes 37.030
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- county: includes Carson City. See Nevada Revised Statutes 0.033
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- mortgage: includes a deed of trust. See Nevada Revised Statutes 0.037
- Person: includes a government, governmental agency or political subdivision of a government. See Nevada Revised Statutes 37.009
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(a) All real property belonging to any person, company or corporation.
(b) Lands belonging to the State, or to any county, or incorporated city or town, not appropriated to some public use.
(c) Property appropriated to public use; but such property shall not be taken unless for a more necessary public use than that to which it has been already appropriated.
(d) Franchises for toll roads, toll bridges, ferries, and all other franchises; but such franchises shall not be taken unless for free highways, railroads or other more necessary public use.
(e) All rights-of-way for any and all purposes mentioned in NRS 37.010, and any and all structures and improvements thereon, and the lands held or used in connection therewith, shall be subject to be connected with, crossed, or intersected by any other right-of-way or improvement or structure thereon. They shall also be subject to a limited use in common with the owner thereof, when necessary; but such uses of crossings, intersections and connections shall be made in the manner most compatible with the greatest public benefit and the least private injury.
(f) All classes of private property not enumerated may be taken for public use when such taking is authorized by law.
2. Notwithstanding any other provision of law, a local government shall not enter into an agreement with any person for the purpose of exercising the power of eminent domain to take a mortgage, deed of trust or mortgage lien on private property or any note secured by a mortgage, deed of trust or mortgage lien on private property.