If the title attempted to be acquired by virtue of the provisions of NRS 495.080 to 495.210, inclusive, shall be found to be defective from any cause, the corporation may again institute proceedings to acquire the same, as prescribed in NRS 495.080 to 495.210, inclusive. At any stage of such new proceedings, or of any proceedings under NRS 495.080 to 495.210, inclusive, the court may, by order made in its behalf, authorize the corporation, if already in possession, to continue in the use and possession, and if not in possession, to take possession of, and use such premises during the pendency of, and until the final conclusion of such proceedings, and may stay all actions and proceedings against the corporation on account thereof. The corporation shall pay a sufficient sum in court, or give security, to be approved by the court, to pay the compensation in that behalf when ascertained.

Terms Used In Nevada Revised Statutes 495.190

  • 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.