Nevada Administrative Code (Last Updated: January 6, 2015)

NAC119A.230. Subordination of interest by holders of certain liens.

Latest version.

Any holder of a lien which is secured by any collateral interest in the real property of the project shall subordinate his or her interest to the declaration either by jointly executing the declaration or by a separate recorded instrument.

(Added to NAC by Real Estate Div., eff. 12-3-84)

                    
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