520.060 - Money expended or assumed indebtedness is lien against minority owner’s share; judgments and executions bind only defendant’s mining interest.
520.060 Money expended or assumed indebtedness is lien against minority owner’s share; judgments and executions bind only defendant’s mining interest.
1. The amount of money expended or indebtedness assumed by such corporation or association as the proportion due from such joint tenant, tenant in common or coparcener for the actual and necessary working and development of the mining claim shall be a lien in favor of such corporation or association upon the interest of such joint tenant, tenant in common or coparcener in such mining claim from the time such money was expended or indebtedness assumed by such corporation or association.
2. The lien shall bind such interest from the time of such payment or assumption as against any subsequent purchaser, mortgagee or other person acquiring a lien upon, or title to, or interest in the same.
3. Suit may be instituted against the person owning or claiming such interest at the time of the commencement of the action for the recovery of the whole amount due upon such interest.
4. All judgments rendered in any action instituted under the provisions of NRS 520.010 to 520.070, inclusive, and any execution issued thereon, shall bind and run against such interest, and no other property of the defendant shall be subject to execution on the judgment.
[6:73:1865; B § 96; BH § 252; C § 268; RL § 2481; NCL § 4179]
NRS 520.070 Sales of interests in mining claims under execution on judgment absolute; rights of purchasers. All sales of any interest in a mining claim under an execution issued on a judgment obtained in any suit instituted under the provisions of NRS 520.010 to 520.070, inclusive, shall be absolute, and the purchaser shall be entitled to the immediate possession of the interest purchased at such sale.
[7:73:1865; B § 97; BH § 253; C § 269; RL § 2482; NCL § 4180]