Nevada § 396.420 Acceptance of property

Nevada Statutes

§ 396.420 — Acceptance of property

Nevada § 396.420

Title 34EDUCATION

Ch. 396Nevada

PROPERTY; CAPITAL IMPROVEMENTS; EQUIPMENT; MATERIALS AND SUPPLIES

This text of Nevada § 396.420 (Acceptance of property) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 396.420 (2026).

Text

1.The Board of Regents may accept and take in the name of the System, for the benefit of any branch or facility of the System, by grant, gift, devise or bequest, any property for any purpose appropriate to the System.

2.Property so acquired must be taken, received, held, managed, invested, and the proceeds thereof used, bestowed and applied by the Board of Regents for the purposes, provisions and conditions prescribed by the respective grant, gift, devise or bequest.

3.Nothing in this chapter prohibits the State of Nevada from accepting and taking by grant, gift, devise or bequest any property for the use and benefit of the System.

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

1. The Board of Regents may accept and take in the name of the System, for the benefit of any branch or facility of the System, by grant, gift, devise or bequest, any property for any purpose appropriate to the System.
2. Property so acquired must be taken, received, held, managed, invested, and the proceeds thereof used, bestowed and applied by the Board of Regents for the purposes, provisions and conditions prescribed by the respective grant, gift, devise or bequest.
3. Nothing in this chapter prohibits the State of Nevada from accepting and taking by grant, gift, devise or bequest any property for the use and benefit of the System.