Nevada § 520.060 - Money expended or assumed indebtedness is lien against minority owner's share; judgments and executions bind only defendant's mining interest
Full text of Nevada Nevada Revised Statutes § 520.060 — Money expended or assumed indebtedness is lien against minority owner's share; judgments and executions bind only defendant's mining interest, with citation guidance and answers to common questions.
§ 520.060. Money expended or assumed indebtedness is lien against minority owner's share; judgments and executions bind only defendant's mining interest
1. The amount of money expended or indebtedness assumed by such corporation or association
as the proportion due from such joint tenant, tenant in common or coparcener for the
actual and necessary working and development of the mining claim shall be a lien in
favor of such corporation or association upon the interest of such joint tenant, tenant
in common or coparcener in such mining claim from the time such money was expended
or indebtedness assumed by such corporation or association. 2. The lien shall bind such interest from the time of such payment or assumption as
against any subsequent purchaser, mortgagee or other person acquiring a lien upon,
or title to, or interest in the same. 3. Suit may be instituted against the person owning or claiming such interest at the
time of the commencement of the action for the recovery of the whole amount due upon
such interest. 4. All judgments rendered in any action instituted under the provisions of NRS 520.010 to 520.070 , inclusive, and any execution issued thereon, shall bind and run against such interest,
and no other property of the defendant shall be subject to execution on the judgment.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 520.060
What does Nevada Revised Statutes § 520.060 cover?
Section 520.060 ("Money expended or assumed indebtedness is lien against minority owner's share; judgments and executions bind only defendant's mining interest") 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 § 520.060?
A common citation format is "Nevada Revised Statutes § 520.060" (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 § 520.060 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.