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2019 Nevada Revised Statutes
Chapter 115 - Homesteads
NRS 115.055 - Proceeds from sale of homestead only exempt from execution if reinvested in another property that is identified and taken possession of within certain periods.
Universal Citation: NV Rev Stat § 115.055 (2019)
Notwithstanding any other provision of law, the proceeds of $605,000 from the sale of a homestead pursuant to subsection 2 or 3 of NRS 115.050 are only exempt from execution if:
1. Such proceeds are reinvested in another property of like kind for which the declaration of a homestead will be made; and
2. The other property is:
(a) Identified not later than 45 days after the sale of the homestead; and
(b) Taken possession of not later than 180 days after the sale of the homestead.
(Added to NRS by 2019, 1851)
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