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NRS 32.270

Adoption of rules governing ethics of receivers

Known as the Uniform Commercial Real Estate Receivership Act

The act spans §§ 32–32 (53 sections).

(Added to NRS by 2017, 1225)

1. The Supreme Court shall adopt rules:

(a) Governing the ethics and independence of receivers; and

(b) Preventing self-dealing by a receiver.

2. As used in this section, “self-dealing” means any direct or indirect:

(a) Sale, exchange or leasing of property between a receivership and the receiver;

(b) Lending of money or other extension of credit between a receivership and the receiver;

(c) Furnishing of goods, services or facilities between a receivership and the receiver;

(d) Payment of compensation, or payment or reimbursement of expenses, by a receivership to the receiver; or

(e) Transfer to, or use by or for the benefit of, a receiver of the income or assets of the receivership.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.