Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE9 SECURITY INSTRUMENTS OF PUBLIC UTILITIES; MORTGAGES; DEEDS OF TRUST; OTHER LIENS |
CHAPTER107. Deeds of Trust |
GENERAL PROVISIONS |
NRS107.025. Estate for years: Encumbrance by deed of trust; foreclosure by exercise of power of sale.
Latest version.
- A deed of trust may encumber an estate for years however created, including a lease of a dwelling unit of a cooperative housing corporation, unless prohibited by the instrument creating the estate, and foreclosure may be had by the exercise of a power of sale in accordance with the provisions of this chapter.
(Added to NRS by 1967, 954; A 1979, 708; 1989, 506)