268.055 - Conveyance of property to corporation for public benefit. - Nevada Statutes

268.055  Conveyance of property to corporation for public benefit.

      1.  The governing body of a city may convey real property of the city without consideration to a corporation for public benefit if the property is not needed for the public purposes of the city and the property is actually used for charitable or civic purposes.

      2.  A conveyance pursuant to this section may be made on such terms and conditions as seem proper to the governing body of the city.

      3.  If a corporation for public benefit to which property is conveyed pursuant to this section ceases to use the property for charitable or civic purposes, the property automatically reverts to the city.

      4.  As used in this section, “corporation for public benefit” has the meaning ascribed to it in NRS 82.021.

      (Added to NRS by 2001, 1710)