Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE13 GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS |
CHAPTER159. Guardianships |
TRANSACTIONS INVOLVING REAL AND PERSONAL PROPERTY |
Sale of Real Property |
NRS159.1375. Sale of real property of ward to holder of mortgage or lien on such property.
Latest version.
- At a sale of real property that is subject to a mortgage or lien, the holder of the mortgage or lien may become the purchaser. The receipt for the amount owed to the holder from the proceeds of the sale is a payment pro tanto.
(Added to NRS by 2003, 1760)