NRS 673.5928
Validation of sales by liquidator under security instruments giving power of sale.

If the Commissioner, the Federal Deposit Insurance Corporation or any liquidating agent appointed pursuant to the provisions of NRS 673.5912 to 673.5917, inclusive, exercises the power of sale set up in any mortgage, deed of trust or other written instrument for the security of the payment of money in which any savings bank then in liquidation was named trustee, the exercise of the power of sale and the acts of resigning the trust, of the Commissioner, the Federal Deposit Insurance Corporation or the appointed liquidating agent have the same effect as if done by the savings bank named as trustee in the mortgage, deed of trust or other instrument.

Reopening and Reorganization

Source: Section 673.5928 — Validation of sales by liquidator under security instruments giving power of sale., https://www.leg.state.nv.us/NRS/NRS-673.html#NRS673Sec5928.

673.5912
Federal Deposit Insurance Corporation authorized to act as receiver or liquidator of closed savings bank having insured deposits 673.5913
Acceptance of appointment as receiver or liquidator 673.5914
Enforcement of individual liability of stockholders or members and directors or managers of savings bank in receivership or liquidation. 673.5915
Payment of insured deposits 673.5916
Loans to closed savings banks by Federal Deposit Insurance Corporation 673.5917
Commissioner to furnish copies of examinations and reports to Federal Deposit Insurance Corporation. 673.5918
Deposit of books, papers and records with Commissioner upon final liquidation. 673.5919
Destruction of records of liquidated insolvent savings banks. 673.5921
Termination of trusteeship under security instruments upon insolvency 673.5922
Petition for appointment of successor trustee by district court: Order to appear and show cause why successor trustee should not be appointed 673.5923
Appointment of successor trustee when no objection made. 673.5924
Hearing on objections to appointment of successor trustee 673.5925
Recordation of order appointing successor trustee. 673.5926
Petition and order may relate to all instruments in which former trustee was named. 673.5927
Provisions are in addition to any other remedy provided by law. 673.5928
Validation of sales by liquidator under security instruments giving power of sale.

Last Updated

Feb. 5, 2021

§ 673.5928’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_673.5928

Original Source: Section 673.5928 — Validation of sales by liquidator under security instruments giving power of sale., https://www.leg.state.nv.us/NRS/NRS-673.html#NRS673Sec5928 (last accessed Feb. 5, 2021).