NRS 120A.715 – Intrastate agreements and cooperation.
In order to facilitate the return of property under this chapter, the Administrator may enter into cooperative agreements with an agency from this State concerning the protection of shared confidential information, rules for data matching and other issues. Upon the execution of such an agreement, the Administrator may provide to the agency with which the […]
NRS 120A.720 – Interstate agreements and cooperation; joint and reciprocal actions with other states.
1. The Administrator may enter into an agreement with another state to exchange information relating to abandoned property or its possible existence. The agreement may permit the other state, or another person acting on behalf of a state, to examine records as authorized in NRS 120A.690. The Administrator by regulation may require the reporting of […]
NRS 120A.590 – Custody by State; recovery by holder; defense of holder.
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, […]
NRS 120A.600 – Crediting of dividends and increments to account of owner.
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)
NRS 120A.610 – Public sale, destruction, disposition or transfer of abandoned property; State Education Fund.
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 […]
NRS 120A.620 – Abandoned Property Trust Account. [Effective through June 30, 2022.] Abandoned Property Trust Account. [Effective July 1, 2022.]
1. There is hereby created in the State General Fund the Abandoned Property Trust Account. 2. All money received by the Administrator under this chapter, including the proceeds from the sale of abandoned property, must be deposited by the Administrator in the State General Fund for credit to the Account. 3. Before making a deposit, […]
NRS 120A.630 – Claim of another state to recover property.
1. After property has been paid or delivered to the Administrator under this chapter, another state may recover the property if: (a) The property was paid or delivered to the custody of this State because the records of the holder did not reflect a last known location of the apparent owner within the borders of […]
NRS 120A.640 – Filing claim with Administrator; handling of claims by Administrator; confidentiality.
1. A person, excluding another state, claiming property paid or delivered to the Administrator may file a claim on a form prescribed by the Administrator and verified by the claimant. 2. Within 90 days after a claim is filed, the Administrator shall allow or deny the claim and give written notice of the decision to […]
NRS 120A.645 – Donation to State for educational purposes.
1. A person with a claim to property paid or delivered to the Administrator that is less than $500 may, if the claim is allowed by the Administrator pursuant to NRS 120A.640, donate the money or the net proceeds from the sale of the property, together with any dividend, interest or other increment to which […]
NRS 120A.650 – Action to establish claim.
A person aggrieved by a decision of the Administrator or whose claim has not been acted upon within 90 days after its filing may maintain an original action to establish the claim in the district court, naming the Administrator as a defendant. If the aggrieved person establishes the claim in an action against the Administrator, […]