NRS159.1475. Sale of real property made upon credit.

Latest version.

      1. If a sale of real property is made upon credit, the guardian shall take:

      (a) The note or notes of the purchaser for the unpaid portion of the sale; and

      (b) A mortgage on the property to secure the payment of the notes.

      2. The mortgage may contain a provision for release of any part of the property if the court approves the provision.

(Added to NRS by 2003, 1763)

                    
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