125B.250 - Assets subject to order for deposit; use of performance bond in lieu of other assets. - Nevada Statutes

125B.250  Assets subject to order for deposit; use of performance bond in lieu of other assets.

      1.  In determining which assets of the obligor-parent are to be subject to an order issued pursuant to NRS 125B.210, the court shall give priority to cash, then to other assets which have maximum liquidity and are readily convertible into cash. In all instances, the deposited assets must:

      (a) Not be exempt by law from execution; and

      (b) Whenever possible, be equal in value to not less than the amount of current arrearages of the obligor-parent and the amount of the annual amount of support ordered.

      2.  In lieu of depositing money or other assets as provided in subsection 1, the obligor-parent may, upon approval of the court, provide a performance bond secured by any real property or other assets of the obligor-parent and equal in value to the annual amount of support ordered and the amount of current arrearages.

      (Added to NRS by 1989, 857)