108.690 - Amount by which lien exceeds $1,000 is secondary to perfected security interest. - Nevada Statutes

108.690  Amount by which lien exceeds $1,000 is secondary to perfected security interest.  To the extent that a lien or the aggregate of several liens acquired as provided in NRS 108.670 to 108.760, inclusive, exceeds $1,000, it is secondary to a perfected security interest in the vessel.

      (Added to NRS by 1957, 215; A 1985, 372; 1993, 224)