Nevada Statutes
§ 40.503 — “Environmentally impaired” defined
Nevada·Title 3 REMEDIES; SPECIAL ACTIONS AND PROCEEDINGS·Ch. 40 Actions· ENVIRONMENTAL IMPAIRMENT OF REAL COLLATERAL OF SECURED
LENDER
Real collateral is “environmentally impaired” if the estimated costs to clean up and remedy a past, present or threatened release of any hazardous substance from, in, into or onto it exceeds 10 percent of the total indebtedness owed to the secured lender secured by the collateral.
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Legislative History
(Added to NRS by 1993, 153 ; A 1995, 510 )
Nearby Sections
15
§ 40.001
Definitions§ 40.002
“Federal worker” defined§ 40.0025
“Household member” defined§ 40.003
“Qualified Indian tribe” defined§ 40.0035
“Shutdown” defined§ 40.004
“State worker” defined§ 40.0045
“Tribal worker” defined§ 40.050
Mortgage not deemed conveyance