Amount by which lien exceeds $1,000 is secondary to perfected security interest.

  1. Law
  2. Nevada Revised Statutes
  3. Statutory Liens
  4. Amount by which lien exceeds $1,000 is secondary to perfected security interest.

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To the extent that a lien or the aggregate of several liens acquired as provided in NRS 108.670 to 108.760, inclusive, exceeds $1,000, it is secondary to a perfected security interest in the vessel.

(Added to NRS by 1957, 215; A 1985, 372; 1993, 224)


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