NRS 120A.113
“Property” defined.


1.

“Property” means tangible property described in NRS 120A.510 or a fixed and certain interest in intangible property that is held, issued or owed in the course of a holder’s business or by a government, governmental subdivision, agency or instrumentality.

2.

The term includes, without limitation:

(a)

All income from or increments to the property.

(b)

Property that is referred to as or evidenced by:

(1)

Money, virtual currency or interest, or a payroll card, dividend, check, draft or deposit;

(2)

A credit balance, customer’s overpayment, stored-value card, security deposit, refund, credit memorandum, unpaid wage, unused ticket for which the issuer has an obligation to provide a refund, mineral proceeds or unidentified remittance;

(3)

A security, except for a security that is subject to a lien, legal hold or restriction evidenced on the records of the holder or imposed by operation of law, if the lien, legal hold or restriction restricts the holder’s or owner’s ability to receive, transfer, sell or otherwise negotiate the security;

(4)

A bond, debenture, note or other evidence of indebtedness;

(5)

Money deposited to redeem a security, make a distribution or pay a dividend;

(6)

An amount due and payable under the terms of an annuity or insurance policy; and

(7)

An amount distributable from a trust or custodial fund established under a plan to provide health, welfare, pension, vacation, severance, retirement, death, stock purchase, profit sharing, employee savings, supplemental unemployment insurance or similar benefits.

3.

The term does not include:

(a)

Property held in an ABLE account described in section 529A of the Internal Revenue Code, 26 U.S.C. § 529A;

(b)

Game-related digital content; or

(c)

A loyalty card.

Source: Section 120A.113 — “Property” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-120A.­html#NRS120ASec113.

120A.010
Short title.
120A.020
Definitions.
120A.025
“Administrator” defined.
120A.027
“Apparent owner” defined.
120A.040
“Business association” defined.
120A.051
“Domicile” defined.
120A.070
“Financial organization” defined.
120A.080
“Holder” defined.
120A.090
“Insurance company” defined.
120A.096
“Mineral” defined.
120A.097
“Mineral proceeds” defined.
120A.098
“Money order” defined.
120A.100
“Owner” defined.
120A.105
“Payroll card” defined.
120A.110
“Person” defined.
120A.113
“Property” defined.
120A.115
“Record” defined.
120A.118
“State” defined.
120A.119
“Stored-value card” defined.
120A.120
“Utility” defined.
120A.125
Inapplicability of chapter to tangible property held in safe-deposit box or other safekeeping depository not maintained by bank or other financial institution or safe-deposit company.
120A.135
Inapplicability of chapter to unredeemed gaming chips or tokens and intersection improvement project proceeds.
120A.140
Administration of chapter
120A.145
Information to remain confidential.
120A.500
Presumption of abandonment.
120A.505
Certain items due or owing between business associations with ongoing business relationship not presumed abandoned.
120A.510
Contents of safe-deposit box or other safekeeping depository.
120A.520
Value remaining on gift certificate.
120A.525
United States savings bonds.
120A.530
Rules for taking custody.
120A.540
Dormancy charge.
120A.550
Burden of proof as to property evidenced by record of check or draft.
120A.560
Report of abandoned property.
120A.570
Payment or delivery of abandoned property.
120A.580
Notice and publication of lists of abandoned property
120A.590
Custody by State
120A.600
Crediting of dividends and increments to account of owner.
120A.610
Public sale, destruction, disposition or transfer of abandoned property.
120A.620
Abandoned Property Trust Account.
120A.630
Claim of another state to recover property.
120A.640
Filing claim with Administrator
120A.645
Donation to State for educational purposes.
120A.650
Action to establish claim.
120A.660
Election to take payment or delivery.
120A.670
Destruction or disposition of property having no substantial commercial value
120A.680
Periods of limitation.
120A.690
Requests for reports and examination of records.
120A.700
Retention of records.
120A.710
Enforcement.
120A.715
Intrastate agreements and cooperation
120A.720
Interstate agreements and cooperation
120A.730
Interest and penalties.
120A.733
Fraudulent claims
120A.737
False statements
120A.740
Agreement to locate property.
120A.750
Uniformity of application and construction.
Last Updated

Jun. 24, 2021

§ 120A.113’s source at nv​.us