Nevada Revised Statutes 143.420 – Power to borrow and to encumber property of estate
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‘ 1. Subject to the limitations provided in subsection 2 and NRS 143.180, the personal representative who has limited authority or full authority has the following powers:
Terms Used In Nevada Revised Statutes 143.420
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(a) The power to borrow; and
(b) The power to place, replace, renew or extend any encumbrance upon any property of the estate.
2. Only a personal representative who has full authority has the power to borrow money with the loan secured by an encumbrance upon real property.