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Current as of January 01, 2025 | Updated by Findlaw Staff
Any person who purchases the personal property in good faith at a sale to satisfy the lien or a sale to enforce a judgment on a lien:
1. Does not acquire ownership of any protected property found in the storage space. The person who purchased the protected property in good faith at a sale to satisfy the lien shall, as soon as reasonably practicable, return the protected property to the occupant or, if the occupant cannot be found after reasonable diligence, to the owner, who shall dispose of the protected property in accordance with the provisions of subsection 5 of NRS 108.4763.
2. Except as otherwise provided in subsection 1, takes the property free and clear of the rights of any party, even though the owner who conducted the sale may have failed to comply with the provisions of NRS 108.473 to 108.4783, inclusive.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 9. Security Instruments of Public Utilities; Mortgages; Deeds of Trust; Other Liens § 108.4783. Purchaser of property at sale to satisfy lien or enforce judgment takes free of any party’s interest; exception for protected property found in storage space - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-9-security-instruments-of-public-utilities-mortgages-deeds-of-trust-other-liens/nv-rev-st-108-4783/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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