{"data":{"id":"us-nv/nrs-115.055","jurisdiction":"us-nv","citation":"NRS 115.055","heading":"Proceeds from sale of homestead only exempt from execution if reinvested in another property that is identified and taken possession of within certain periods.","body":"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:\n1. Such proceeds are reinvested in another property of like kind for which the declaration of a homestead will be made; and\n2. The other property is:\n(a) Identified not later than 45 days after the sale of the homestead; and\n(b) Taken possession of not later than 180 days after the sale of the homestead.","path":["TITLE 10 — PROPERTY RIGHTS AND TRANSACTIONS","CHAPTER 115 - HOMESTEADS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-115.html#NRS115Sec055","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:32Z","sha256":"9d4d061da16b95587ca496bf85449400aaf766bed565ab06e71691367db1dcf8","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-115.050","next":"us-nv/nrs-115.060"},"notice":"GroundRules: Original legal text. Not legal advice."}