459.648 - Limitations on liability of prospective purchasers. - Nevada Statutes

459.648  Limitations on liability of prospective purchasers.  A prospective purchaser is not a responsible party solely as the result of:

      1.  Conducting an environmental assessment of real property;

      2.  Contracting to purchase, or acquiring an option to purchase, real property;

      3.  Applying to participate in a program; or

      4.  Conducting or supervising removal or remediation of a hazardous substance or substances, while exercising reasonable care, pursuant to an approved remedial agreement.

      (Added to NRS by 1999, 2694)