All real and personal property of an insolvent corporation, wheresoever situated, and all its franchises, rights, privileges and effects shall, upon the appointment of a receiver, forthwith vest in the receiver, and the corporation shall be divested of the title thereto.
NRS 78.640
Property and privileges of insolvent corporation vest in appointed receiver
Applied in 1 court decision — leading case Frank Settelmeyer & Sons, Inc. v. Smith & Harmer, Ltd. (2008)
Most recently applied in Frank Settelmeyer & Sons, Inc. v. Smith & Harmer, Ltd. (December 2008)
[48:177:1925; NCL § 1647]
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.