NRS 108.891
Release of lien: Provision of security

  • payment or arrangement for payment.

1.

A lien on a farm product or processed farm product may be released to the extent that the value of the claim upon the farm product or processed farm product is secured by:

(a)

A surety bond;

(b)

A cash deposit; or

(c)

Other security given and approved by a producer who holds a lien.

2.

A producer holding a lien may release a lien upon:

(a)

Payment for the agreed amount or for the reasonable value of the farm product that is sold or delivered; or

(b)

Arrangements being made for payment of the agreed amount or for the reasonable value of the farm product that is sold or delivered that are satisfactory to the producer.

Source: Section 108.891 — Release of lien: Provision of security; payment or arrangement for payment., https://www.­leg.­state.­nv.­us/NRS/NRS-108.­html#NRS108Sec891.

Last Updated

Feb. 5, 2021

§ 108.891’s source at nv​.us