Nev. Rev. Stat. § 108.891
Release of lien: Provision of security; payment or arrangement for payment
Nevada · Nevada Revised Statutes Chapter 108 — Statutory Liens · Status: effective
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- Citation
- Nev. Rev. Stat. § 108.891, Release of lien: Provision of security; payment or arrangement for payment, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2080449
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Full text
1. A lien on a farm product or processed farm product may be released to the extent that the value of the claim upon the farm product or processed farm product is secured by:
(a) A surety bond;
(b) A cash deposit; or
(c) Other security given and approved by a producer who holds a lien.
2. A producer holding a lien may release a lien upon:
(a) Payment for the agreed amount or for the reasonable value of the farm product that is sold or delivered; or
(b) Arrangements being made for payment of the agreed amount or for the reasonable value of the farm product that is sold or delivered that are satisfactory to the producer.