NRS 705.050 Validity of contract for conditional sale.
170 words·~1 min read·
/nv/chapter-705-railroads-and-monorails/705-050·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 705.050 Validity of contract for conditional sale. No contract of the type provided for in NRS 705.030 to 705.070 , inclusive, shall be valid as against any subsequent judgment creditor or any subsequent bona fide purchaser for value and without notice, unless:
1. The contract is evidenced by an instrument executed by the parties and duly acknowledged by the vendee, lessee or bailee, as the case may be, or duly proved before some person authorized by law to take acknowledgments of deeds, and in the same manner as deeds are acknowledged or proved;
2. The instrument is filed for record in the Office of the Secretary of State of this state; and
3. Each car or locomotive engine so sold, leased or hired, or contracted to be sold, leased or hired, has the name of the vendor, lessor or bailor plainly marked in letters not less than 1 inch in size on each side thereof, followed by the word “owner” or “lessor” or “bailor,” as the case may be.