Nevada Revised Statutes 495.070 – Acquisition authorized; procedure
Any corporation organized for the purpose of engaging in the public transportation of passengers or property or United States mail by air, whether intrastate or interstate, and any corporation organized for the purpose of operating a private or municipal airport or air navigation facility for use in connection with the public transportation of passengers or property or United States mail by air, whether intrastate or interstate, may acquire any real property, or any right, title, interest, estate or claim therein or thereto, necessary for the purpose of establishing landing places and terminals for aircraft, air navigation facilities and aerial rights-of-way, by means of the special proceedings prescribed in NRS 495.080 to 495.210, inclusive.
Terms Used In Nevada Revised Statutes 495.070
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.