McMillan v. United Mortgage Co.
Nevada Supreme Court
1Opinion of the Court
*118OPINION
By the Court,
Thompson, J.:
This appeal concerns the remedy open on default to the holder of promissory notes secured by second deeds of trust. Involved is the interplay of two statutes: the “one-action rule” announced in NRS 40.430 pertaining to the enforcement of a right secured by mortgage on real estate, and NRS 31.010 which allows ancillary attachment in an action upon a note when the security has become valueless, or of insufficient value.
United Mortgage, the payee and holder of 27 promissory notes made by McMillan, and the beneficiary of 27 second trust deeds given as security…
Also in this document: Concurrence.
2Cases cited12 opinions
- Bank of Italy National Trust & Savings Ass'n v. BentleyCalifornia Supreme Court · 1933
- Barbieri v. RamelliCalifornia Supreme Court · 1890
- Hyman v. KellyNevada Supreme Court · 1865
- Giandeini v. RamirezCalifornia Court of Appeal · 1936
- Vande Veegaete v. Vande VeegaeteMontana Supreme Court · 1925
7 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Branch Banking and Trust Co. v. D.M.S.I., LLCCourt of Appeals for the Ninth Circuit · 2017
- Paramount Insurance, Inc. v. Rayson & SmitleyNevada Supreme Court · 1970
- Key Bank of Alaska v. DonnelsNevada Supreme Court · 1990
- Nevada Land & Mortgage Co. v. Hidden Wells Ranch, Inc.Nevada Supreme Court · 1967
- Paso Builders, Inc. v. HebardNevada Supreme Court · 1967
26 more not listed; retrieve them via the Exa API.