Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Statute 32 275 — Nevada Law | CourtGPT
  1. Home/
  2. Laws/
  3. Nevada/
  4. Chapter 32 - Receiversnrs 32.010 - Cases in Which Receiver May Be Appointed/
  5. Statute 32 275
Nevada Legal Code

Statute 32 275

Ask AI about this
1. Except as otherwise provided in subsection 2, a receiver shall post with the court a bond that: (a) Is conditioned on the faithful discharge of the receiver’s duties; (b) Has one or more sureties approved by the court; (c) Is in an amount the court specifies; and (d) Is effective as of the date of the receiver’s appointment. 2. The court may approve the posting by a receiver with the court of alternative security, such as a letter of credit or deposit of funds. The receiver may not use receivership property as alternative security. Interest that accrues on deposited funds must be paid to the receiver on the receiver’s discharge. 3. The court may authorize a receiver to act before the receiver posts the bond or alternative security required by this section. 4. A claim against a receiver’s bond or alternative security must be made not later than 6 months after the date the receiver is discharged. (Added to NRS by 2017, 1226)