Right of contractor or applicant to maintain or defend action concerning possession

1. Every person who has contracted with the State of Nevada, in good faith, to purchase any land from the State shall be entitled to maintain or defend an action at law or in equity concerning such land or its possession, which may be maintained or defended by persons who own land in fee.

2. Every person who has applied or may hereafter apply to the State of Nevada, in good faith, to purchase any land from the State, and has paid or shall pay the amount of money which may be required under such application to the proper state officer, shall be deemed and held to have the right to the exclusive possession of such land, and shall be entitled to maintain and defend an action at law or in equity, concerning such land or the possession thereof, which may be maintained or defended by persons who own land in fee, provided no actual adverse possession of such land existed in another at the date of such application.