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Current as of January 01, 2025 | Updated by Findlaw Staff
1. If:
(a) A notice of a claim is recorded pursuant to NRS 645.8775;
(b) An escrow agent has reserved an owner's net proceeds or any portion of an owner's net proceeds pursuant to NRS 645.8781; and
(c) Escrow for the disposition of the commercial real estate has closed,
the escrow agent may, in accordance with the provisions of NRS 645A.177, deposit with the district court of the county where the claim is recorded the amount of the owner's net proceeds reserved by him or her pursuant to NRS 645.8781.
2. If an escrow agent deposits an owner's net proceeds with a district court pursuant to subsection 1, the escrow agent is discharged from any further liability concerning those proceeds.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 54. Professions, Occupations and Businesses § 645.8785. Deposit of proceeds with district court; discharge of escrow agent from further liability concerning proceeds - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-54-professions-occupations-and-businesses/nv-rev-st-645-8785/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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