Nevada § 108.891 Release of lien: Provision of security; payment or arrangement for payment

Nevada Statutes

§ 108.891 — Release of lien: Provision of security; payment or arrangement for payment

Nevada § 108.891

Title 9SECURITY INSTRUMENTS OF PUBLIC UTILITIES; MORTGAGES;

Ch. 108Statutory

LIEN ON FARM PRODUCTS

This text of Nevada § 108.891 (Release of lien: Provision of security; payment or arrangement for payment) 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. § 108.891 (2026).

Text

1. A lien on a farm product or processed farm product may be released to the extent that the value of the claim upon the farm product or processed farm product is secured by:

(a)A surety bond;

(b)A cash deposit; or

(c)Other security given and approved by a producer who holds a lien. 2. A producer holding a lien may release a lien upon:

(a)Payment for the agreed amount or for the reasonable value of the farm product that is sold or delivered; or

(b)Arrangements being made for payment of the agreed amount or for the reasonable value of the farm product that is sold or delivered that are satisfactory to the producer.

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1. A lien on a farm product or processed farm product may be released to the extent that the value of the claim upon the farm product or processed farm product is secured by:
(a) A surety bond;
(b) A cash deposit; or
(c) Other security given and approved by a producer who holds a lien.
2. A producer holding a lien may release a lien upon:
(a) Payment for the agreed amount or for the reasonable value of the farm product that is sold or delivered; or
(b) Arrangements being made for payment of the agreed amount or for the reasonable value of the farm product that is sold or delivered that are satisfactory to the producer.