Nevada § 14.017 Notice of pendency of actions affecting real property: Transferability of property after withdrawal or cancellation

Nevada Statutes

§ 14.017 — Notice of pendency of actions affecting real property: Transferability of property after withdrawal or cancellation

Nevada·Title 2 CIVIL PRACTICE·Ch. 14 Commencement

1.Upon the withdrawal of a notice of the pendency of an action affecting real property, or upon the recordation of a certified copy of a court order for the cancellation of a notice of the pendency of such an action with the recorder of each county in which the notice was recorded, each person who thereafter acquires an interest in the property as a purchaser, transferee, mortgagee or other encumbrancer for a valuable consideration, except a party to the action who is not designated by a fictitious name at the time of the withdrawal or order of cancellation, shall be deemed to be without knowledge of the action or of any matter, claim or allegation contained therein, irrespective of whether the person has or at any time had actual knowledge of the action or of any matter, claim or allegat

Free access — add to your briefcase to read the full text and ask questions with AI

1. Upon the withdrawal of a notice of the pendency of an action affecting real property, or upon the recordation of a certified copy of a court order for the cancellation of a notice of the pendency of such an action with the recorder of each county in which the notice was recorded, each person who thereafter acquires an interest in the property as a purchaser, transferee, mortgagee or other encumbrancer for a valuable consideration, except a party to the action who is not designated by a fictitious name at the time of the withdrawal or order of cancellation, shall be deemed to be without knowledge of the action or of any matter, claim or allegation contained therein, irrespective of whether the person has or at any time had actual knowledge of the action or of any matter, claim or allegation contained therein.
2. The purpose of this section is to provide for the absolute and complete transferability of real property after the withdrawal or cancellation of a notice of the pendency of an action affecting the property.

Nevada § 14.017 (Notice of pendency of actions affecting real property: Transferability of property after withdrawal or cancellation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.