LegalFix
Sign In

NRS 706.621 - Notice by Department to person controlling credits or property of delinquent licensee; limitations on transfer or disposition of property.

NV Rev Stat § 706.621 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.

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.

(Added to NRS by 1971, 710)

Previous Section
NRS 706.616 - Transfer of ownership or license: Issuance of certificate of registration or title or transfer of license prohibited until Department certifies removal of lien.
Next Section
NRS 706.626 - Revocation or denial of license: Notice and hearing.