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2019 Nevada Revised Statutes
Chapter 108 - Statutory Liens
NRS 108.891 - Release of lien: Provision of security; payment or arrangement for payment.
Universal Citation: NV Rev Stat § 108.891 (2019)
1. A lien on a farm product or processed farm product may be released to the extent that the value of the claim upon the farm product or processed farm product is secured by:
(a) A surety bond;
(b) A cash deposit; or
(c) Other security given and approved by a producer who holds a lien.
2. A producer holding a lien may release a lien upon:
(a) Payment for the agreed amount or for the reasonable value of the farm product that is sold or delivered; or
(b) Arrangements being made for payment of the agreed amount or for the reasonable value of the farm product that is sold or delivered that are satisfactory to the producer.
(Added to NRS by 2001, 1230)
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