NRS 120A.660 – Election to take payment or delivery.
1. The Administrator may decline to receive property reported under this chapter which the Administrator considers to have a value less than the expenses of notice and sale. 2. A holder, with the written consent of the Administrator and upon conditions and terms prescribed by the Administrator, may report and deliver property before the property […]
NRS 120A.670 – Destruction or disposition of property having no substantial commercial value; immunity from liability.
If the Administrator determines after investigation that property delivered under this chapter has no substantial commercial value, the Administrator may destroy or otherwise dispose of the property at any time. An action or proceeding may not be maintained against the State or any officer or employee or against the holder for or on account of […]
NRS 120A.505 – Certain items due or owing between business associations with ongoing business relationship not presumed abandoned.
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. […]
NRS 120A.510 – Contents of safe-deposit box or other safekeeping depository.
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 […]
NRS 120A.520 – Value remaining on gift certificate.
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 […]
NRS 120A.525 – United States savings bonds.
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) […]
NRS 120A.530 – Rules for taking custody.
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 […]
NRS 120A.540 – Dormancy charge.
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 […]
NRS 120A.550 – Burden of proof as to property evidenced by record of check or draft.
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 […]
NRS 120A.560 – Report of abandoned property.
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, […]