Nev. Rev. Stat. § 705.030

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 705.030 - Contract reserving title or lien as security for full payment

In any contract for the sale of railroad or street railway equipment or rolling stock, it shall be lawful to agree that title to the property sold or contracted to be sold, although possession thereof may be delivered immediately or at any time or times subsequently, shall not vest in the purchaser until the purchase price shall be fully paid, or that the seller shall have and retain a lien thereon for the unpaid purchase money.

NRS 705.030

Part 1:278:1913; 1919 RL p. 2982; NCL § 6300
Part 1:278:1913; 1919 RL p. 2982; NCL § 6300