Nevada Revised Statutes 485.387 – Suspension of registration does not prevent owner from effecting bona fide sale; rights of vendor, mortgagee or lessor
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1. This chapter shall not prevent the owner of a motor vehicle, the registration of which has been suspended under this chapter, from effecting a bona fide sale of such motor vehicle to another person whose rights or privileges are not suspended under this chapter, nor prevent the registration of such motor vehicle by such transferee.
Terms Used In Nevada Revised Statutes 485.387
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. This chapter shall not in anywise affect the rights of any conditional vendor, chattel mortgagee or lessor of a motor vehicle registered in the name of another as owner who becomes subject to the provisions of this chapter.