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Statute 120a 550 — Nevada Law | CourtGPT
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  4. Chapter 120a - Unclaimed Property (Uniform Act)nrs 120a.010 - Short Title/
  5. Statute 120a 550
Nevada Legal Code

Statute 120a 550

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A record of the issuance of a check, draft or similar instrument is prima facie evidence of an obligation. In claiming property from a holder who is also the issuer, the Administrator’s burden of proof as to the existence and amount of the property and its abandonment is satisfied by showing issuance of the instrument and passage of the requisite period of abandonment. Defenses of payment, satisfaction, discharge and want of consideration are affirmative defenses that must be established by the holder. (Added to NRS by 2007, 759)