Proceed With Caution When Buying Water Rights In Nevada
By Michael Van ZandtJuly 11, 2017, 11:06 AM EDT
Law360, New York (July 11, 2017, 11:06 AM EDT) -- Potable water is in limited supply, but it is absolutely vital to the existence of life in arid states such as Nevada. It is a precious commodity that must be used to its highest and best use in order to make sure that the citizens have the best resources that they possibly can and for the survival of the state. This article addresses the sale of water rights in Nevada.
Before we discuss sales, we must give an introduction to water rights and the types of...