1. Except as otherwise provided in subsection 2 or 3, NRS 32.100 to 32.370, inclusive, apply to a receivership for an interest in real property and any personal property related to or used in operating the real property.
2. NRS 32.100 to 32.370, inclusive, do not apply to a receivership for an interest in real property improved by one to four dwelling units unless:
(a) The interest is used for agricultural, commercial, industrial or mineral-extraction purposes, other than incidental uses by an owner occupying the property as the owner’s primary residence;
(b) The interest secures an obligation incurred at a time when the property was used or planned for use for agricultural, commercial, industrial or mineral-extraction purposes;
(c) The owner planned or is planning to develop the property into one or more dwelling units to be sold or leased in the ordinary course of the owner’s business; or
(d) The owner is collecting or has the right to collect rents or other income from the property from a person other than an affiliate of the owner.
3. NRS 32.100 to 32.370, inclusive, do not apply to a receivership authorized by law of this State other than NRS 32.100 to 32.370, inclusive, in which the receiver is a governmental unit or an individual acting in an official capacity on behalf of the unit except to the extent provided by the other law.
4. NRS 32.100 to 32.370, inclusive, do not limit the authority of a court to appoint a receiver under law of this State other than NRS 32.100 to 32.370, inclusive.
5. Unless displaced by a particular provision of NRS 32.100 to 32.370, inclusive, the principles of law and equity supplement the provisions of NRS 32.100 to 32.370, inclusive.
(Added to NRS by 2017, 1224)
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