NAC 598.138

Priority of claims.

Year: 2026Length: 80 wordsOfficial source

Cite as Nev. Admin. Code Sec. 598.138

1. Except as otherwise provided by law, each claim against the security of a registrant has equal priority. 2. If the security of a registrant is insufficient to pay in full all claims against the registrant, claims must be paid on a pro rata basis. 3. Acceptance by a claimant of any payment of a claim on a pro rata basis does not preclude the claimant from bringing an action against the registrant for any money that was not recovered.
NAC 598.138: Priority of claims. | Justis AI