LegalFix

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)
Copy with citation
Copy as parenthetical citation

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)

LegalFix

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.

We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.
NRS 645.8785 - Deposit of proceeds with district court; discharge of escrow agent from further liability concerning proceeds.