There is a newer version of the Nevada Revised Statutes
2014 Nevada Revised Statutes
Chapter 148 - Sales, Conveyances and Exchanges
NRS 148.150 - Right of holder of lien on property to purchase it; receipt as payment pro tanto.
NV Rev Stat § 148.150 (2014) What's This?
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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