159.1455 - Confirmation by court of sale of real property of guardianship estate at private sale. - Nevada Statutes

159.1455  Confirmation by court of sale of real property of guardianship estate at private sale.

      1.  Except as otherwise provided in subsection 2, the court shall not confirm a sale of real property of a guardianship estate at a private sale unless:

      (a) The court is satisfied that the amount offered represents the fair market value of the property to be sold; and

      (b) Except for a sale of real property pursuant to NRS 159.123, the real property has been appraised within 1 year before the date of the sale. If the real property has not been appraised within this period, a new appraisal must be conducted pursuant to NRS 159.086 and 159.0865 at any time before the sale or confirmation by the court of the sale.

      2.  The court may waive the requirement of an appraisal and allow the guardian to rely on the assessed value of the real property for purposes of taxation in obtaining confirmation by the court of the sale.

      (Added to NRS by 2003, 1762; A 2009, 1662)