Sale of real property made upon credit
Known as the Uniform Adult Guardianship and Protective Proceedings Jurisdiction Act
The act spans §§ 159–159 (203 sections).
(Added to NRS by 2003, 1763)
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.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.