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NRS 645.8785 - Deposit of proceeds with district court; discharge of escrow agent from further liability concerning proceeds.

NV Rev Stat § 645.8785 (2019) (N/A)
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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.

(Added to NRS by 1999, 1177)

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NRS 645.8781 - Duties of escrow agent upon notice of claim.
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NRS 645.8791 - Civil action concerning claim: Issuance of order to broker to appear and show cause; effect of failure to appear; hearings; release of proceeds; frivolous claims; compensatory damages; award of costs and attorney’s fees to prevailing party.