Power to borrow and to encumber property of estate.

NRS

143.420

Power to borrow and to encumber property of estate.

1. Subject to the limitations provided in subsection 2 and NRS 143.180 , the personal representative who has limited authority or full authority has the following powers:

(a) The power to borrow; and

(b) The power to place, replace, renew or extend any encumbrance upon any property of the estate.

2. Only a personal representative who has full authority has the power to borrow money with the loan secured by an encumbrance upon real property.

(Added to NRS by 2011, 1441 )