Nevada § 360.480 - Cases of priority; subordination to prior recorded liens and certain other debts
Full text of Nevada Nevada Revised Statutes § 360.480 — Cases of priority; subordination to prior recorded liens and certain other debts, with citation guidance and answers to common questions.
§ 360.480. Cases of priority; subordination to prior recorded liens and certain other debts
1. The amounts, including interest and penalties, required to be paid by any person
under this title shall be satisfied first in any of the following cases: (a) Whenever the person is insolvent. (b) Whenever the person makes a voluntary assignment of his or her assets. (c) Whenever the estate of the person in the hands of executors, administrators or
heirs, prior to distribution, is insufficient to pay all the debts due from the deceased. (d) Whenever the estate and effects of an absconding, concealed or absent person required
to pay any amount by force of such a revenue act are levied upon by process of law. 2. This section does not give the State a preference over: (a) Any recorded lien which attached prior to the date when the amounts required to
be paid became a lien; or (b) Any costs of administration, funeral expenses, expenses of personal illness, family
allowances or debts preferred under federal law or wages as provided in NRS 147.195 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 360.480
What does Nevada Revised Statutes § 360.480 cover?
Section 360.480 ("Cases of priority; subordination to prior recorded liens and certain other debts") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 360.480?
A common citation format is "Nevada Revised Statutes § 360.480" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 360.480 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.