1. Unless the court orders otherwise, on demand by a receiver:
(a) A person that owes a debt that is receivership property and is matured or payable on demand or on order shall pay the debt to or on the order of the receiver, except to the extent the debt is subject to setoff or recoupment; and
(b) Subject to subsection 3, a person that has possession, custody or control of receivership property shall turn the property over to the receiver.
2. A person that has notice of the appointment of a receiver and owes a debt that is receivership property may not satisfy the debt by payment to the owner.
3. If a creditor has possession, custody or control of receivership property and the validity, perfection or priority of the creditor’s lien on the property depends on the creditor’s possession, custody or control, the creditor may retain possession, custody or control until the court orders adequate protection of the creditor’s lien.
4. Unless a bona fide dispute exists about a receiver’s right to possession, custody or control of receivership property, the court may sanction as civil contempt a person’s failure to turn the property over when required by this section.
(Added to NRS by 2017, 1226)
Structure Nevada Revised Statutes
NRS 32.010 - Cases in which receiver may be appointed.
NRS 32.015 - Additional cases in which receiver may be appointed.
NRS 32.020 - Reversion and disposition of unclaimed dividends in receivership.
NRS 32.110 - "Affiliate" defined.
NRS 32.115 - "Companion" defined.
NRS 32.125 - "Executory contract" defined.
NRS 32.130 - "Governmental unit" defined.
NRS 32.140 - "Mortgage" defined.
NRS 32.145 - "Mortgagee" defined.
NRS 32.150 - "Mortgagor" defined.
NRS 32.160 - "Person" defined.
NRS 32.165 - "Proceeds" defined.
NRS 32.170 - "Property" defined.
NRS 32.175 - "Receiver" defined.
NRS 32.180 - "Receivership" defined.
NRS 32.185 - "Receivership property" defined.
NRS 32.190 - "Record" defined.
NRS 32.200 - "Secured obligation" defined.
NRS 32.205 - "Security agreement" defined.
NRS 32.220 - Scope; exclusions.
NRS 32.250 - Notice and opportunity for hearing.
NRS 32.260 - Appointment of receiver.
NRS 32.265 - Disqualification from appointment as receiver; disclosure of interest.
NRS 32.270 - Adoption of rules governing ethics of receivers.
NRS 32.275 - Receiver’s bond; alternative security.
NRS 32.280 - Status of receiver as lien creditor.
NRS 32.285 - Security agreement covering property acquired after appointment of receiver.
NRS 32.290 - Collection and turnover of receivership property.
NRS 32.295 - Powers and duties of receiver.
NRS 32.305 - Stay; injunction.
NRS 32.310 - Engagement and compensation of professional.
NRS 32.315 - Use or transfer of receivership property not in ordinary course of business.
NRS 32.320 - Executory contract.
NRS 32.325 - Defenses and immunities of receiver.
NRS 32.330 - Interim report of receiver.
NRS 32.335 - Notice of appointment; claim against receivership; distribution to creditors.
NRS 32.340 - Fees and expenses.
NRS 32.345 - Removal of receiver; replacement; termination of receivership.
NRS 32.350 - Final report of receiver; discharge.
NRS 32.355 - Receivership in another state; ancillary proceeding.
NRS 32.360 - Effect of enforcement by mortgagee.
NRS 32.365 - Uniformity of application and construction.
NRS 32.370 - Relation to Electronic Signatures in Global and National Commerce Act.