NRS 120A.740 – Agreement to locate property.
1. An agreement by an owner, the primary purpose of which is to locate, deliver, recover or assist in the recovery of property that is presumed abandoned, is void and unenforceable if it was entered into during the period commencing on the date the property was presumed abandoned and extending to a time that is […]
NRS 120A.750 – Uniformity of application and construction.
This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject matter of the Uniform Unclaimed Property Act among the states that enact it. (Added to NRS by 1979, 1751; A 1983, 1476; 2007, 768)
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.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 […]