Nev. Rev. Stat. § 40.503

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 40.503 - "Environmentally impaired" defined

Real collateral is "environmentally impaired" if the estimated costs to clean up and remedy a past, present or threatened release of any hazardous substance from, in, into or onto it exceeds 10 percent of the total indebtedness owed to the secured lender secured by the collateral.

NRS 40.503

Added to NRS by 1993, 153; A 1995, 510
Added to NRS by 1993, 153; A 1995, 510