Nevada Revised Statutes
Chapter 151 - Adjustments; Distribution and Discharge
NRS 151.190 - Sale of unclaimed personal property; disposition of proceeds.

1. If personal property remains in the possession of a personal representative unclaimed for 1 year, or if the distributee refuses to accept or give a proper receipt for the property, or is a minor or incapacitated person and has no legally qualified guardian of his or her estate, and it appears to the court that it is for the benefit of those interested, or if the personal representative desires to be discharged and it appears to the court that no injury will result to those interested, the court shall order the property to be sold.
2. The proceeds, after deducting such expenses of sale as may be allowed by the court, must be paid into the State Treasury. The depositor must take from the Treasurer a receipt, which must be filed with the court.
[270:107:1941; 1931 NCL § 9882.270]—(NRS A 1999, 2345)

<< Previous

Next >>

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 151 - Adjustments; Distribution and Discharge

NRS 151.003 - Order of priority for payment of devises.

NRS 151.005 - Agreement by distributees to alter interests, shares or amounts to which they are otherwise entitled under terms of will: Requirements; exceptions; personal representative to abide by terms.

NRS 151.010 - Petition for partial distribution; bond.

NRS 151.020 - Petition for hearing and notice of hearing.

NRS 151.030 - Contest of petition.

NRS 151.040 - Order for distribution: Prerequisites to order; bond; assumption of personal liability by heir or devisee.

NRS 151.050 - Order of repayment: Action on bond or other security; action against distributee if no bond or other security given.