If the Commissioner, the Federal Deposit Insurance Corporation or any liquidating agent appointed pursuant to the provisions of NRS 667.035 to 667.085, inclusive, exercises the power of sale set up in any mortgage, deed of trust or other written instrument for the security of the payment of money in which any bank then in liquidation was named trustee, the exercise of the power of sale and the acts of resigning the trust, of the Commissioner, the Federal Deposit Insurance Corporation or the appointed liquidating agent have the same effect as if done by the bank named as trustee in the mortgage, deed of trust or other instrument.
(Added to NRS by 1971, 1005; A 1983, 1756; 1987; 1941)
Structure Nevada Revised Statutes
Chapter 667 - Liquidation and Reorganization
NRS 667.015 - Procedure; applicable law; power to sell and transfer assets.
NRS 667.065 - Payment of insured deposits; subrogation.
NRS 667.075 - Loans to closed banks by Federal Deposit Insurance Corporation; sale of assets to it.
NRS 667.095 - Deposit of books, papers and records with Commissioner upon final liquidation.
NRS 667.105 - Destruction of records of liquidated insolvent banks.
NRS 667.135 - Petition for appointment of successor trustee: Publication and contents of notice.
NRS 667.145 - Appointment of successor trustee when no objection made.
NRS 667.155 - Hearing on objections to appointment of successor trustee; appeal from order.
NRS 667.165 - Recordation of order appointing successor trustee.
NRS 667.175 - Petition and order may relate to all instruments in which former trustee was named.
NRS 667.185 - Provisions additional to other remedies.
NRS 667.195 - Validation of sales by liquidator under security instruments giving power of sale.
NRS 667.215 - Conditions under which banks may reopen.
NRS 667.225 - Conditions under which bank may reorganize before actual dissolution.