Nevada § 353C.222 Selling certain debt in lieu of requesting designation of debt as bad debt; deposit of money received from sale of debt

Nevada Statutes

§ 353C.222 — Selling certain debt in lieu of requesting designation of debt as bad debt; deposit of money received from sale of debt

Nevada § 353C.222

Title 31PUBLIC FINANCIAL ADMINISTRATION

Ch. 353CCollection

This text of Nevada § 353C.222 (Selling certain debt in lieu of requesting designation of debt as bad debt; deposit of money received from sale of debt) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 353C.222 (2026).

Text

1.If the period of limitation for the collection of a debt set forth in NRS 353C.140 has expired, the State Controller may, in lieu of requesting the State Board of Examiners to designate the debt as a bad debt pursuant to NRS 353C.220 , sell the debt to any person.

2.All money received by the State Controller from the sale of a debt pursuant to subsection 1 must be deposited in the Debt Recovery Account created by NRS 353C.226 .

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1. If the period of limitation for the collection of a debt set forth in NRS 353C.140 has expired, the State Controller may, in lieu of requesting the State Board of Examiners to designate the debt as a bad debt pursuant to NRS 353C.220 , sell the debt to any person.
2. All money received by the State Controller from the sale of a debt pursuant to subsection 1 must be deposited in the Debt Recovery Account created by NRS 353C.226 .