Nevada § 32.270 Adoption of rules governing ethics of receivers

Nevada Statutes

§ 32.270 — Adoption of rules governing ethics of receivers

Nevada·Title 3 REMEDIES; SPECIAL ACTIONS AND PROCEEDINGS·Ch. 32 Receivers· Administration of Receiverships

1. The Supreme Court shall adopt rules:

(a)Governing the ethics and independence of receivers; and

(b)Preventing self-dealing by a receiver. 2. As used in this section, “self-dealing” means any direct or indirect:

(a)Sale, exchange or leasing of property between a receivership and the receiver;

(b)Lending of money or other extension of credit between a receivership and the receiver;

(c)Furnishing of goods, services or facilities between a receivership and the receiver;

(d)Payment of compensation, or payment or reimbursement of expenses, by a receivership to the receiver; or

(e)Transfer to, or use by or for the benefit of, a receiver of the income or assets of the receivership.

Free access — add to your briefcase to read the full text and ask questions with AI

1. The Supreme Court shall adopt rules:
(a) Governing the ethics and independence of receivers; and
(b) Preventing self-dealing by a receiver.
2. As used in this section, “self-dealing” means any direct or indirect:
(a) Sale, exchange or leasing of property between a receivership and the receiver;
(b) Lending of money or other extension of credit between a receivership and the receiver;
(c) Furnishing of goods, services or facilities between a receivership and the receiver;
(d) Payment of compensation, or payment or reimbursement of expenses, by a receivership to the receiver; or
(e) Transfer to, or use by or for the benefit of, a receiver of the income or assets of the receivership.

Nevada § 32.270 (Adoption of rules governing ethics of receivers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.