Nevada Revised Statutes Section 120A.280 - Property Rights and Transactions

Notice to owners of abandoned property.

1. Within 360 days after the filing of the report required by NRS 120A.250 and the payment or delivery of the property required by NRS 120A.320, the Administrator shall cause notice to be published in at least one newspaper of general circulation in the county in this State in which is located the last known address of any person to be named in the notice. If no address is listed or if the address is outside this State, the notice must be published in the county in which the holder of the abandoned property has his principal place of business within this State.

2. The published notice must be entitled “Notice of Names of Persons Appearing To Be Owners of Abandoned Property” and must contain:

(a) The names in alphabetical order and last known addresses, if any, of persons listed in the report and entitled to notice within the county.

(b) A statement that information concerning the amount or description of the property and the name and address of the holder may be obtained by any person possessing an interest in the property by addressing an inquiry to the Administrator.

(c) If the property was removed from a safe-deposit box or other safekeeping repository, a statement declaring that the Administrator will hold the property for 1 year after the date the property was delivered to the Administrator and that the property may be destroyed if no claims are made for it within that period.

3. The Administrator is not required to publish in the notice any item valued at less than $50 unless he deems the publication to be in the public interest.

4. In addition to the notice required to be published pursuant to this section, the Administrator shall take such actions as are reasonably calculated to give actual notice to the owner of property presumed abandoned, including, without limitation, using information obtained from the Department of Motor Vehicles and other governmental agencies or executing contracts with private businesses to assist in locating such owners of property.

Last modified: February 27, 2006