When a party entitled to a share of the property, or an encumbrancer entitled to have the encumbrancer’s lien paid out of the sale, becomes a purchaser, the master or the court may take the purchaser’s receipt for so much of the proceeds of the sale as belongs to the purchaser.
NRS 39.380
Proceeding if party entitled to share or lienholder becomes purchaser
Known as the Uniform Partition of Heirs Property Act
The act spans §§ 39–39 (78 sections).
[1911 CPA § 622; RL § 5564; NCL § 9111]—(NRS A 1985, 774)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.