Nevada Revised Statutes 156.170 – No sale, mortgage or distribution of property for 1 year; exceptions
Current as of: 2022 | Check for updates
|
Other versions
Except for the purposes of paying taxes, assessments, liens, insurance premiums, allowing claims for debts contracted by the missing person before his or her disappearance or to prevent the depreciation of property on account of neglect or waste, or to specifically perform contracts made by the missing person before his or her disappearance, no sale, mortgage or other disposition or distribution of the property of such person shall be made until the lapse of 1 year after the appointment and qualification of the executor or administrator.
Terms Used In Nevada Revised Statutes 156.170
- Executor: A male person named in a will to carry out the decedent
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039