151.190 - Sale of unclaimed personal property; disposition of proceeds. - Nevada Statutes

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)