NRS 120A.520
Value remaining on gift certificate.

1.

Sixty percent of the unredeemed or uncharged value remaining on a gift certificate which is issued or sold in this State and which has an expiration date is presumed abandoned and subject to the provisions of this chapter on the expiration date.

2.

If a gift certificate is issued or sold in this State and the seller or issuer does not obtain and maintain in his or her records the name and address of the owner of the gift certificate, the address of the owner of the gift certificate shall be deemed to be the address of the Office of the State Treasurer in Carson City.

3.

This section does not create a cause of action against a person who issues or sells a gift certificate.

4.

As used in this section, “gift certificate” has the meaning ascribed to it in NRS 598.0921.

Source: Section 120A.520 — Value remaining on gift certificate., https://www.­leg.­state.­nv.­us/NRS/NRS-120A.­html#NRS120ASec520.

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.520’s source at nv​.us