Whenever any party to an action who holds a lien upon the property, or any part thereof, has other securities for the payment of the amount of such lien, the court may, in its discretion, order such securities to be exhausted before a distribution of the proceeds of sale, or may order a just deduction to be made from the amount of the lien on the property on account thereof.
NRS 39.240
Lien claimant holding other securities may be required to exhaust them first
Known as the Uniform Partition of Heirs Property Act
The act spans §§ 39–39 (78 sections).
[1911 CPA § 608; RL § 5550; NCL § 9097]
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.