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Nevada Revised Statutes 140.05 - Payment of mortgage or lien; payment of interest

Nevada Revised Statutes > Title 12 > Chapter 140 > § 140.05 - Payment of mortgage or lien; payment of interest


Current as of: 2009

      1.  If any property in the control or possession of a special administrator is subject to a mortgage or lien to secure the payment of money, and there is danger that the holder of the security may enforce or foreclose the encumbrance, and the value of the property exceeds the amount of the obligation thereon, then, upon petition of the special administrator or an interested person and upon such notice as the court deems proper, the court may authorize or direct the special administrator to make one or more payments on all or any part of the amount so secured.

      2.  The order may also direct that interest not yet accrued be paid as it becomes due, and the order shall remain in effect and cover such future interest unless and until for good cause set aside or modified by the court upon petition and notice, in the same manner as an executor or administrator.

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Nevada Laws: Probate

Nevada Revised Statutes > Chapter 136 - Probate of Wills and Petitions for Letters
Nevada Revised Statutes > Chapter 138 - Appointment of Personal Representatives
Nevada Revised Statutes > Chapter 139 - Appointment of Administrators
Nevada Revised Statutes > Chapter 140 - Special Administrators
Nevada Revised Statutes > Chapter 141 - Letters Generally; Changes in Administration
Nevada Revised Statutes > Chapter 142 - Oaths and Bonds
Nevada Revised Statutes > Chapter 143 - Powers and Duties of Personal Representatives
Nevada Revised Statutes > Chapter 144 - Inventory and Appraisement
Nevada Revised Statutes > Chapter 145 - Summary Administration of Estates
Nevada Revised Statutes > Chapter 147 - Presentation and Payment of Claims
Nevada Revised Statutes > Chapter 148 - Sales, Conveyances and Exchanges
Nevada Revised Statutes > Chapter 149 - Notes, Mortgages and Leases
Nevada Revised Statutes > Chapter 150 - Compensation and Accounting
Nevada Revised Statutes > Chapter 151 - Adjustments; Distribution and Discharge
Nevada Revised Statutes > Chapter 152 - Partition Before Discharge
Nevada Revised Statutes > Chapter 155 - Notices, Orders, Procedure and Appeals
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