Nevada § 108.890 Extent of lien

Nevada Statutes

§ 108.890 — Extent of lien

Nevada § 108.890

Title 9SECURITY INSTRUMENTS OF PUBLIC UTILITIES; MORTGAGES;

Ch. 108Statutory

LIEN ON FARM PRODUCTS

This text of Nevada § 108.890 (Extent of lien) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 108.890 (2026).

Text

1. The lien provided for in NRS 108.887 applies to any farm product and any processed farm product in the possession of the processor. 2. For the purposes of this section, a farm product or a processed farm product deposited by a processor with a warehouse, whether or not warehouse receipts are given as security to a lender, shall be deemed to be in the possession of the processor and subject to the lien of the producer. 3. As used in this section:

(a)“Lender” includes any person who advances new value to a processor.

(b)“New value” includes a new advance or loan, whether in money or property, that is made by a lender to a processor. The term does not include an:

(1)Extension or renewal of an existing obligation of the processor; or

(2)Obligation that is substituted for an existing obl

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1. The lien provided for in NRS 108.887 applies to any farm product and any processed farm product in the possession of the processor.
2. For the purposes of this section, a farm product or a processed farm product deposited by a processor with a warehouse, whether or not warehouse receipts are given as security to a lender, shall be deemed to be in the possession of the processor and subject to the lien of the producer.
3. As used in this section:
(a) “Lender” includes any person who advances new value to a processor.
(b) “New value” includes a new advance or loan, whether in money or property, that is made by a lender to a processor. The term does not include an:
(1) Extension or renewal of an existing obligation of the processor; or
(2) Obligation that is substituted for an existing obligation of the processor.