Nevada Revised Statutes 107.020 – Transfers in trust of real property to secure obligations
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Transfers in trust of any estate in real property may be made after March 29, 1927, to secure the performance of an obligation or the payment of any debt.
Terms Used In Nevada Revised Statutes 107.020
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.