Title 10

NRS 120A.115 “Record” defined. “Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. (Added to NRS by 2007, 756)

NRS 120A.118 “State” defined. “State” means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico or any territory or insular possession subject to the jurisdiction of the United States. (Added to NRS by 2007, 757)

NRS 120A.119 “Stored-value card” defined. 1. “Stored-value card” means a record evidencing a promise made for consideration by the seller or issuer of the record that goods, services or money will be provided to the owner of record to the value or amount shown in the record. 2. T…

NRS 120A.120 “Utility” defined. “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, w…

NRS 120A.122 “Virtual currency” defined. “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 …

NRS 120A.125 Inapplicability of chapter to tangible property held in safe-deposit box or other safekeeping depository not maintained by bank or other financial organization or safe-deposit company. The provisions of this chapter do not apply to tangible property held in a safe-de…

NRS 120A.135 Inapplicability of chapter to unredeemed gaming chips or tokens and intersection improvement project proceeds. 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 proje…

NRS 120A.140 Administration of chapter; regulations. 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)

NRS 120A.145 Information to remain confidential. 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 …

NRS 120A.500 Presumption of abandonment. 1. Except as otherwise provided in subsections 6, 7 and 8, 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…

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, nonrefunde…

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 …

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 is presumed abandoned and subject to the provisions of this chapter on the: (a) Expiration date; or (b) Da…

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 …

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 a…

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 whic…

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 p…

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 sub…

NRS 120A.570 Payment or delivery of abandoned property. 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 delivere…

NRS 120A.580 Creation and maintenance of statewide database concerning unclaimed property; publication of general information; notice to holders of unclaimed property. 1. The Administrator shall create and maintain a statewide database concerning unclaimed property. The database …

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 o…

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 …

NRS 120A.610 Public sale, destruction, disposition or transfer of abandoned property; proceeds of abandoned gift certificates transferred to State Education Fund. 1. Except as otherwise provided in subsections 5 to 9, inclusive, all abandoned property other than money delivered t…

NRS 120A.620 Abandoned Property Trust Account; use and transfer of money in Account. 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 a…

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…

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 claima…

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 sa…

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 defenda…

NRS 120A.660 Election to decline to receive property; election to receive property before presumed abandonment. The Administrator may: 1. Decline to receive property reported under this chapter which the Administrator considers to have a value less than the expenses of notice and…

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 o…

NRS 120A.680 Periods of limitation. 1. The expiration, before or after October 1, 2007, of a period of limitation on the owner’s right to receive or recover property, whether specified by contract, statute or court order, does not preclude the property from being presumed abandon…

NRS 120A.690 Requests for reports and examination of records. 1. The Administrator may require a person who has not filed a report, or a person who the Administrator believes has filed an inaccurate, incomplete or false report, to file a verified report in a form specified by the…

NRS 120A.700 Retention of records. 1. Except as otherwise provided in subsection 2, a holder required to file a report under NRS 120A.560 shall maintain the records containing the information required to be included in the report, and any records upon which the person wishes to r…

NRS 120A.710 Enforcement. The Administrator may maintain an action in this State or another state to enforce this chapter. The court may award reasonable attorney’s fees to the prevailing party. (Added to NRS by 2007, 766)

NRS 120A.715 Sharing of information by state or local agency. 1. The Administrator may request that a state agency or local agency provide to the Administrator certain confidential information for the purpose of facilitating the return of unclaimed or abandoned property under thi…

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 o…

NRS 120A.725 Payment or delivery of property without claim. If the Administrator reasonably believes a person is the apparent owner of property after reviewing and confirming the accuracy of evidence of the identity of the person, the Administrator may initiate and facilitate the…

NRS 120A.730 Interest and penalties. 1. A holder who fails to report, pay or deliver property within the time prescribed by this chapter shall pay to the Administrator interest at the rate of 18 percent per annum on the property or value thereof from the date the property should …

NRS 120A.733 Fraudulent claims; penalty. Any person who knowingly makes a fraudulent claim from the Administrator on the property of another with the intent to deprive that person of the property shall be punished: 1. Where the value of the property involved is $650 or more, for …

NRS 120A.737 False statements; penalty. A person is guilty of a misdemeanor: 1. If the person knowingly makes or causes to be made, either directly or indirectly, or through any agency whatsoever, any false statement in writing, with the intent that it be relied upon, respecting …

NRS 120A.740 Agreement to locate property; regulations. 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 co…