NAC120A.060. Claims for property presumed abandoned: Filing; effect of denial by Administrator; agreements concerning recovery of property.

     1. Any person claiming or interested in any property delivered to the State must file Form UP-5, Claim for Property Presumed Abandoned. Specific documents and supporting information, as determined for each case by the Administrator, must be filed with Form UP-5.

     2. If the Administrator denies a claim for any reason, including, without limitation, that the claim remains incomplete for 90 days after it is filed, the claimant may file a new claim at any time using Form UP-5.

     3. If a person claiming property delivered to the State is a party to an agreement with another person, including, without limitation, an attorney, the primary purpose of which is to locate, deliver, recover or assist in the recovery of the property, the Administrator will require the claimant to submit a copy of the agreement. If the claimant fails to submit the copy of the agreement, the Administrator will deny the claim. This subsection does not apply to an owner’s agreement with an attorney to file a claim as to identified property or contest the Administrator’s denial of a claim.

     [Dep’t of Commerce, Unclaimed Property Reg. § 7, eff. 8-6-80]—(NAC A by Admin. of Unclaimed Property by R119-06, 6-28-2006; R162-09, 8-13-2010)