Sale of real property of protected person to holder of mortgage or lien on such property.

NRS

159.1375

Sale of real property of protected person to holder of mortgage or lien on such property.

At a sale of real property that is subject to a mortgage or lien, the holder of the mortgage or lien may become the purchaser. The receipt for the amount owed to the holder from the proceeds of the sale is a payment pro tanto.

(Added to NRS by 2003, 1760 )