Trustees not to be interested in sales or purchases; contracts void; penalties.

Nev. Rev. Stat. § 318A.240
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
1. No trustee may be interested, directly or indirectly, in any property purchased for the use of the district, or in any purchase or sale of property belonging to the district. 2. Any contract made in violation of the provisions of subsection 1 may be declared void. 3. A trustee who violates the provisions of subsection 1 is guilty of a gross misdemeanor and shall be further punished as provided in NRS 197.230 .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-318A.htmlFetched: 10/4/2026

Starting a business in Nevada? Nevada LLC guide: costs and requirements