Nevada Revised Statutes 706.621 – Notice by Department to person controlling credits or property of delinquent licensee; limitations on transfer or disposition of property
1. If any licensee is delinquent in the payment of any fee or other amount imposed under NRS 706.011 to 706.861, inclusive, the Department may give notice of the amount of such delinquency by registered or certified mail to all persons having in their possession or under their control any credits or other personal property belonging to such licensee, or owing any debts to such licensee at the time of the receipt by them of such notice. Thereafter any person so notified shall neither transfer nor make other disposition of such credits, personal property or debts until the Department has consented to a transfer or disposition, or until 20 days have elapsed from and after the receipt of such notice.
Terms Used In Nevada Revised Statutes 706.621
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Personal property: All property that is not real property.
2. All persons so notified shall, within 5 days after the receipt of such notice, advise the Department of any such credits, personal property or debts in their possession, under their control or owing by them, as the case may be.