Disposition of unclaimed property.

NRS 396.432 Disposition of unclaimed property. Any property which is in the possession of any authorized agent of the System and which is not claimed within 1 year by the owner of the property or the owner’s authorized agent or representative must be disposed of by the System in the following manner: 1. Money may be forfeited to the System; 2. Personal property may be sold at public auction and the proceeds forfeited to the System; and 3. Any property not otherwise disposed of as provided in this section must be donated to a charitable institution. (Added to NRS by 1969, 407; A 1969, 1448; 1993, 347)