NAC120A.070. Safety deposit boxes: Presumption of abandonment; sealing and opening.

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A safety deposit box that has no lease or rental fee and is provided to the owner as a condition of a specific amount being deposited with the banking or financial organization shall be presumed abandoned at the same time as the account for which it was provided. The safety deposit box must be sealed at the time of filing Forms UP-1 and UP-2 and be opened when remittance is due.

[Dep’t of Commerce, Unclaimed Property Reg. § 8, eff. 8-6-80]

                    
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