Nevada Revised Statutes 120A.510 – Contents of safe-deposit box or other safekeeping depository
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Tangible property held in a safe-deposit box or other safekeeping depository in this State in the ordinary course of the holder’s business and proceeds resulting from the sale of the property permitted by other law are presumed abandoned if the property remains unclaimed by the owner for more than 3 years after expiration of the lease or rental period on the box or other depository.
Terms Used In Nevada Revised Statutes 120A.510
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC