Nevada Revised Statutes 522.0285 – ‘Lessor’ defined
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‘Lessor’ means the mineral owner who has executed a lease and who is entitled to the payment of a royalty on production.
Terms Used In Nevada Revised Statutes 522.0285
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC