“Secured obligation” means an obligation the performance of which is secured by an assignment of rents.
NRS 107A.150
“Secured obligation” defined
Known as the Uniform Assignment of Rents Act
The act spans §§ 107–107 (37 sections).
(Added to NRS by 2007, 298)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.