Nevada Revised Statutes Title 7. Business Associations; Securities; Commodities § 81.507. Reversion of unclaimed capital credit to electric cooperative under certain circumstances

1. Any capital credit distributed to a member by an electric cooperative formed under NRS 81.410 to 81.540, inclusive, which remains unclaimed for 1 year after the date authorized for distribution reverts to the cooperative and is not subject to the provisions of chapter 120A of NRS if:

2. The notice pursuant to subsection 1 must be sent by mail to the last known address of the member, as it appears in the records of the cooperative.

3. As used in this section, “capital credit” means money which is credited to the capital account of a member of a cooperative after deducting the member's pro rata share of the operating costs of the cooperative from the amount paid by the member for electric service.