39.550 - Remaining parties have privilege of selection; interests marked off. - Nevada Statutes

39.550  Remaining parties have privilege of selection; interests marked off.  When the master has marked off and set apart the interest of the lowest bidder, as provided in NRS 39.540, the master shall offer to the remaining parties the privilege of selection, and shall, upon closing the bids, proceed in the same manner to locate and mark off the portion of the lowest bidder, and shall thereafter continue in the same manner to receive bids and mark off the interest of the bidder or bidders until there remains but one party in interest, or parties united, forming one interest, as provided in NRS 39.530. The party or parties remaining become the owner or owners, as the case may be, of the entire claim not marked off and set apart to the other parties, in proportion to their respective interests in the claim.

      [1911 CPA § 639; RL § 5581; NCL § 9128]—(NRS A 1985, 776)