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2017 Nevada Revised Statutes
Chapter 159 - Guardianships
NRS 159.1475 - Sale of real property made upon credit.
Universal Citation: NV Rev Stat § 159.1475 (2017)
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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