Power to borrow and to encumber property of estate.

  1. Law
  2. Nevada Revised Statutes
  3. Powers and Duties of Personal Representatives
  4. Power to borrow and to encumber property of estate.

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1. Subject to the limitations provided in subsection 2 and NRS 143.180, the personal representative who has limited authority or full authority has the following powers:

(a) The power to borrow; and

(b) The power to place, replace, renew or extend any encumbrance upon any property of the estate.

2. Only a personal representative who has full authority has the power to borrow money with the loan secured by an encumbrance upon real property.

(Added to NRS by 2011, 1441)


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