37.280 - Distribution of interest earned from investment of money deposited in court. - Nevada Statutes

37.280  Distribution of interest earned from investment of money deposited in court.  The interest earned from any investment of money that has been deposited in any court pursuant to this chapter must be distributed in the following manner:

      1.  If the amount of the compensation awarded upon final judgment, not including any interest upon the judgment, is equal to or greater than the amount of money deposited in the court, the defendant is entitled to receive all the interest earned.

      2.  If the amount of the compensation awarded upon final judgment, not including any interest upon the judgment, is less than the amount of money deposited in the court:

      (a) The defendant is entitled to receive a percentage of the interest earned that represents the amount of money deposited in the court as compared to the amount of the compensation awarded upon final judgment, not including any interest upon the judgment.

      (b) The plaintiff is entitled to receive any interest remaining following the distribution to the defendant pursuant to paragraph (a).

      (Added to NRS by 2007, 752)