Nev. Rev. Stat. § 360.480 — Cases of priority; subordination to prior recorded liens and certain other debts

NRS  360.480    Cases of priority; subordination to prior recorded liens and
certain other debts.
1.  The amounts, including interest and
penalties, required to be paid by any person under this title shall be
satisfied first in any of the following cases:
(a) Whenever the person is insolvent.
(b) Whenever the person makes a voluntary
assignment of his or her assets.
(c) Whenever the estate of the person in the
hands of executors, administrators or heirs, prior to distribution, is
insufficient to pay all the debts due from the deceased.
(d) Whenever the estate and effects of an
absconding, concealed or absent person required to pay any amount by force of
such a revenue act are levied upon by process of law.
2.  This section does not give the State a
preference over:
(a) Any recorded lien which attached prior to the
date when the amounts required to be paid became a lien; or
(b) Any costs of administration, funeral
expenses, expenses of personal illness, family allowances or debts preferred
under federal law or wages as provided in NRS
147.195 .

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