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Nevada Revised Statutes Title 9. Security Instruments of Public Utilities; Mortgages; Deeds of Trust; Other Liens § 108.236. Court must declare rank of lien claimants or class of lien claimants;  application of proceeds

Current as of January 01, 2021 | Updated by FindLaw Staff

1. In every case in which different liens are asserted against any property, the court, in the judgment, must declare the rank of each lien claimant or class of lien claimants in the following order:

(a) First:  All labor whether performed at the instance or direction of the owner, the subcontractor or the prime contractor.

(b) Second:  Material suppliers and lessors of equipment.

(c) Third:  All other lien claimants who have performed their work, in whole or in part, under contract with the prime contractor or any subcontractor.

(d) Fourth:  All other lien claimants.

2. The proceeds of the sale of the property must be applied to each lien claimant or class of lien claimants in the order of its rank.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 9. Security Instruments of Public Utilities; Mortgages; Deeds of Trust; Other Liens § 108.236. Court must declare rank of lien claimants or class of lien claimants;  application of proceeds - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-9-security-instruments-of-public-utilities-mortgages-deeds-of-trust-other-liens/nv-rev-st-108-236/

Read this complete Nevada Revised Statutes Title 9. Security Instruments of Public Utilities; Mortgages; Deeds of Trust; Other Liens § 108.236. Court must declare rank of lien claimants or class of lien claimants;  application of proceeds on Westlaw

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