Nev. Yellow Cab Corp. v. State

Summary

The Nevada Supreme Court affirmed the district court's order dismissing the inverse condemnation action brought by taxicab companies, holding that the claim was barred by the three‑year statute of limitations for personal‑property takings and that the complaint failed to allege a real‑property interest. The court rejected the appellants' reliance on White Pine Lumber and held that the licenses are personal property, not real property, and that the complaint’s allegations of a real‑property taking were legal conclusions not sufficient under NRCP 12(b)(5).