“Utility” means any person who owns or operates for public use any plant, equipment, real property, franchise or license for the transmission of communications or the production, storage, transmission, sale, delivery or furnishing of electricity, water, steam or gas. (Added to NRS by 1979, 1751; A 1983, 1476; 2007, 768)
“Virtual currency” means a digital representation of value used as a medium of exchange, unit of account or store of value, that does not have legal tender status recognized by the United States. The term does not include: 1. The software or protocols governing the transfer of the digital representation of value; 2. Game-related digital […]
The provisions of this chapter do not apply to tangible property held in a safe-deposit box or other safekeeping depository which is not maintained by: 1. A bank or other financial institution; or 2. A safe-deposit company. (Added to NRS by 2015, 535)
1. The provisions of this chapter do not apply to: (a) Gaming chips or tokens which are not redeemed at an establishment. (b) Intersection improvement project proceeds. 2. As used in this section: (a) “Establishment” has the meaning ascribed to it in NRS 463.0148. (b) “Gaming chip or token” means any object which may be […]
The Administrator shall carry out the provisions of this chapter and may adopt regulations appropriate for this purpose. (Added to NRS by 1979, 1751; A 1983, 1463)
The Administrator or any officer, agent or employee of the Office of the State Treasurer shall not use or disclose any information received by the Administrator in the course of carrying out the provisions of this chapter which is confidential or which is provided to the Administrator on the basis that the information is to […]
1. Except as otherwise provided in subsections 6 and 7, property is presumed abandoned if it is unclaimed by the apparent owner during the time set forth below for the particular property: (a) A traveler’s check, 15 years after issuance; (b) A money order, 7 years after issuance; (c) Any stock or other equity interest […]
1. Except as otherwise provided in this subsection, any credit memoranda, overpayments, credit balances, deposits, unidentified remittances, nonrefunded overcharges, discounts, refunds and rebates due or owing from a holder that is a business association to another business association shall not be presumed abandoned if the holder and such business association have an ongoing business relationship. […]
Tangible property held in a safe-deposit box or other safekeeping depository in this State in the ordinary course of the holder’s business and proceeds resulting from the sale of the property permitted by other law are presumed abandoned if the property remains unclaimed by the owner for more than 3 years after expiration of the […]
1. Sixty percent of the unredeemed or uncharged value remaining on a gift certificate which is issued or sold in this State and which has an expiration date is presumed abandoned and subject to the provisions of this chapter on the expiration date. 2. If a gift certificate is issued or sold in this State […]
1. Notwithstanding any other provision of law, a United States savings bond is presumed abandoned in this State if the United States savings bond: (a) Is in the possession of the Administrator or if the last known address of the apparent owner of the United States savings bond is located in this State; and (b) […]
1. Except as otherwise provided in this chapter or by other statute of this State, property that is presumed abandoned, whether located in this or another state, is subject to the custody of this State if: (a) The last known address of the apparent owner, as shown on the records of the holder, is in […]
A holder may deduct from property presumed abandoned a charge imposed by reason of the owner’s failure to claim the property within a specified time only if there is a valid and enforceable written contract between the holder and the owner under which the holder may impose the charge and the holder regularly imposes the […]
A record of the issuance of a check, draft or similar instrument is prima facie evidence of an obligation. In claiming property from a holder who is also the issuer, the Administrator’s burden of proof as to the existence and amount of the property and its abandonment is satisfied by showing issuance of the instrument […]
1. A holder of property presumed abandoned shall make a report to the Administrator concerning the property. 2. A holder may contract with a third party, including, without limitation, a transfer agent, to make the report required by subsection 1. 3. Whether or not a holder contracts with a third party pursuant to subsection 2, […]
1. Except for property held in a safe-deposit box or other safekeeping depository, upon filing the report required by NRS 120A.560, the holder of property presumed abandoned shall pay, deliver or cause to be paid or delivered to the Administrator the property described in the report as unclaimed, but if the property is an automatically […]
1. The Administrator shall publish a notice not later than November 30 of the year next following the year in which abandoned property has been paid or delivered to the Administrator. The notice must: (a) In a county whose population is 700,000 or more: (1) Be published not less than six times per year, or […]
1. For the purposes of this section, payment or delivery is made in “good faith” if: (a) Payment or delivery was made in a reasonable attempt to comply with this chapter; (b) The holder was not then in breach of a fiduciary obligation with respect to the property and had a reasonable basis for believing, […]
If property other than money is delivered to the Administrator under this chapter, the owner is entitled to receive from the Administrator any income or gain realized or accruing on the property at or before liquidation or conversion of the property into money. (Added to NRS by 2007, 762)
1. Except as otherwise provided in subsections 4 to 8, inclusive, all abandoned property other than money delivered to the Administrator under this chapter must, within 2 years after the delivery, be sold by the Administrator to the highest bidder at public sale in whatever manner affords, in his or her judgment, the most favorable […]
