Nevada Revised Statutes 495.200 – Passage of title to corporation; public use
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Upon the report of the commissioners being filed for record as provided for in NRS 495.180, and upon the payment or tender of the compensation and costs, as prescribed in NRS 495.080 to 495.210, inclusive, the real property, or the right, title or interest therein, described in the report, shall become the property of the corporation for the purpose of its incorporation, and shall be deemed to be acquired for, and appropriated to, public use.
Terms Used In Nevada Revised Statutes 495.200
- 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.