148.290 - Sale on credit. - Nevada Statutes

148.290  Sale on credit.

      1.  If a sale is made upon credit, the personal representative shall take the note or notes of the purchaser for the unpaid portion of the purchase money, with a mortgage on the property to secure their payment.

      2.  The mortgage may contain a provision for release of parts of the property if the court approves the provision.

      [163:107:1941; 1931 NCL § 9882.163]—(NRS A 1981, 554; 1999, 2321)