Nevada Revised Statutes — Title 32 (Revenue and Taxation)
Nev. Rev. Stat. § 360.560 — Return of excess proceeds of sale; right of other lienholder; State Treasurer to act as trustee
NRS 360.560 Return of excess proceeds of sale; right of other lienholder;
State Treasurer to act as trustee.
1. If, upon the sale, the money received
exceeds the total of all amounts, including interest, penalties and costs due
the State, the Department shall return the excess to the person liable for the
amounts and obtain his or her receipt.
2. If any person having an interest in or
lien upon the property files with the Department, before the sale, notice of
his or her interest or lien, the Department shall withhold any excess pending a
determination of the rights of the respective parties to it by a court of
competent jurisdiction.
3. If the receipt of the person liable for
the amount is not available, the Department shall deposit the excess money with
the State Treasurer, as trustee for the owner, subject to the order of the
person liable for the amount, his or her heirs, successors or assigns.
SELLERS PERMITS
Source: official text