361.7312 - Authority of county to sell tax lien; prohibited purchasers. - Nevada Statutes

361.7312  Authority of county to sell tax lien; prohibited purchasers.

      1.  Except as otherwise provided in this section, a county may, in lieu of the remedies for the collection of delinquent taxes set forth in NRS 361.5648 to 361.730, inclusive, sell a tax lien against a parcel of real property upon which the taxes are delinquent pursuant to the provisions of NRS 361.731 to 361.733, inclusive.

      2.  Except as otherwise provided in this section, a county may sell a tax lien to any purchaser. A county may not sell a tax lien to a government, governmental agency or political subdivision of a government, or to any insurer other than an insurer that:

      (a) Is entitled to receive the credit set forth in NRS 680B.050 because it owns and substantially occupies and uses a building in this State as its home office or as a regional home office; or

      (b) Issues in this State a policy of insurance for medical malpractice.

      3.  For the purposes of this section:

      (a) “Insurer” has the meaning ascribed to it in NRS 679A.100.

      (b) “Policy of insurance for medical malpractice” has the meaning ascribed to it in NRS 679B.144.

      (Added to NRS by 2005, 509)