At a sale of real or personal property upon which there is a mortgage or lien, the holder thereof may become the purchaser, and the receipt for the amount due to the holder from the proceeds of the sale is a payment pro tanto.
[149:107:1941; 1931 NCL § 9882.149]—(NRS A 1999, 2317)
Structure Nevada Revised Statutes
Chapter 148 - Sales, Conveyances and Exchanges
NRS 148.060 - Confirmation of sale: Report; petition; notice.
NRS 148.070 - Written objection: Hearing; proof of notice.
NRS 148.080 - Sales under direction of will.
NRS 148.090 - Petition for order requiring sale.
NRS 148.100 - Neglect or misconduct of personal representative.
NRS 148.120 - Division of commission upon confirmation of highest bid.
NRS 148.130 - Sale of property subject to mortgage or other lien.
NRS 148.140 - Disposition of proceeds of sale.
NRS 148.150 - Right of holder of lien on property to purchase it; receipt as payment pro tanto.
NRS 148.160 - Sale of equity of estate in property: Procedure.
NRS 148.170 - Sale of perishable and depreciating property.
NRS 148.190 - Sale of other personal property: Publication; description of property; inspection.
NRS 148.210 - Interests in partnerships.
NRS 148.230 - Public auction; postponement of sale.
NRS 148.280 - Conveyances after confirmation of sale.
NRS 148.300 - Failure of purchaser to complete sale.
NRS 148.310 - Fraudulent sale: Penalty.
NRS 148.320 - Periods of limitation.
NRS 148.340 - Sale subject to claims; bond of purchaser.
NRS 148.350 - Assignment after confirmation.
NRS 148.360 - Petition for sale: Notice.
NRS 148.370 - Hearing; order authorizing sale.
NRS 148.380 - Additional bond of personal representative; agreement or option to purchase.
NRS 148.390 - Failure to comply with agreement or option.
NRS 148.400 - Procedure after compliance with agreement or option to purchase.
NRS 148.420 - Authorization of conveyance.
NRS 148.430 - Petition and notice.
NRS 148.440 - Hearing and order.