NRS143.420. Power to borrow and to encumber property of estate.

Latest version.

      1. Subject to the limitations provided in subsection 2 and NRS 143.180, the personal representative who has limited authority or full authority has the following powers:

      (a) The power to borrow; and

      (b) The power to place, replace, renew or extend any encumbrance upon any property of the estate.

      2. Only a personal representative who has full authority has the power to borrow money with the loan secured by an encumbrance upon real property.

(Added to NRS by 2011, 1441)

                    
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