The transferee of a security interest of any legal owner of any power-driven vessel numbered under this chapter need not make application for transfer of ownership if such security interest arises from a pledge of a security agreement by the legal owner to the pledgee.
NRS 488.182
Transfer of ownership not required on pledge of security interest
Known as the Nevada Boat Act
The act spans §§ 488–488 (93 sections).
(Added to NRS by 1971, 1377)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.