154.105 - Sale of escheated property; deposit of proceeds. - Nevada Statutes

154.105  Sale of escheated property; deposit of proceeds.

      1.  The State Treasurer may sell at a public sale property in the custody of the State Treasurer which has escheated to the State. The State Treasurer shall cause public notice of the sale to be given. Any money received from the sale must be deposited in the State Treasury for credit to the Fund for Escheated Estates.

      2.  The personal representative of an estate shall sell any property and transmit the proceeds of the sale to the State Treasurer for credit to the Fund for Escheated Estates unless the State Treasurer authorizes transmittal of the property.

      (Added to NRS by 1983, 1091; A 1999, 2356)