NRS396.432. Disposition of unclaimed property.

Latest version.

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)

                    
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