Nevada § 39.240 - Lien claimant holding other securities may be required to exhaust them first
Full text of Nevada Nevada Revised Statutes § 39.240 — Lien claimant holding other securities may be required to exhaust them first, with citation guidance and answers to common questions.
§ 39.240. Lien claimant holding other securities may be required to exhaust them first
Whenever any party to an action who holds a lien upon the property, or any part thereof,
has other securities for the payment of the amount of such lien, the court may, in
its discretion, order such securities to be exhausted before a distribution of the
proceeds of sale, or may order a just deduction to be made from the amount of the
lien on the property on account thereof.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 39.240
What does Nevada Revised Statutes § 39.240 cover?
Section 39.240 ("Lien claimant holding other securities may be required to exhaust them first") 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 § 39.240?
A common citation format is "Nevada Revised Statutes § 39.240" (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 § 39.240 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.