159.1475 - Sale of real property made upon credit.
159.1475 Sale of real property made upon credit.
1. If a sale of real property is made upon credit, the guardian shall take:
(a) The note or notes of the purchaser for the unpaid portion of the sale; and
(b) A mortgage on the property to secure the payment of the notes.
2. The mortgage may contain a provision for release of any part of the property if the court approves the provision.
(Added to NRS by 2003, 1763)