There is a newer version of the Nevada Revised Statutes
2010 Nevada Code
TITLE 12 WILLS AND ESTATES OF DECEASED PERSONS
Chapter 148 Sales, Conveyances and Exchanges
NRS 148.150 Right of holder of lien on property to purchase it; receipt as payment pro tanto.
NRS 148.150 Right of holder of lien on property to purchase it; receipt as payment pro tanto. At a sale of real or personal property upon which there is a mortgage or lien, the holder thereof may become the purchaser, and the receipt for the amount due to the holder from the proceeds of the sale is a payment pro tanto.
[149:107:1941; 1931 NCL 9882.149]-(NRS A 1999, 2317)
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