Nevada § 159.1365 Application of money from sale of real property of protected person that is subject to mortgage or other lien

Nevada Statutes

§ 159.1365 — Application of money from sale of real property of protected person that is subject to mortgage or other lien

Nevada § 159.1365

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 159Guardianship

Sale of Real Property

This text of Nevada § 159.1365 (Application of money from sale of real property of protected person that is subject to mortgage or other 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. § 159.1365 (2026).

Text

If real property of the estate of a protected person is sold that is subject to a mortgage or other lien which is a valid claim against the estate, the money from the sale must be applied in the following order:

1.To pay the necessary expenses of the sale.

2.To satisfy the mortgage or other lien, including, without limitation, payment of interest and any other lawful costs and charges. If the mortgagee or other lienholder cannot be found, the money from the sale may be paid as ordered by the court and the mortgage or other lien shall be deemed to be satisfied.

3.To the estate of the protected person, unless the court orders otherwise.

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If real property of the estate of a protected person is sold that is subject to a mortgage or other lien which is a valid claim against the estate, the money from the sale must be applied in the following order:
1. To pay the necessary expenses of the sale.
2. To satisfy the mortgage or other lien, including, without limitation, payment of interest and any other lawful costs and charges. If the mortgagee or other lienholder cannot be found, the money from the sale may be paid as ordered by the court and the mortgage or other lien shall be deemed to be satisfied.
3. To the estate of the protected person, unless the court orders otherwise.