Nevada § 108.500 - Sales at public auction: Notice; disposition of proceeds

§ 108.500. Sales at public auction: Notice; disposition of proceeds

1. All sales made under NRS 108.480 and 108.490 shall be made at public auction. 2. No sale shall be valid unless notice of the sale is published at least once a week

for 2 successive weeks prior to the sale in some newspaper published in the county

in which the sale is to take place or, in case no newspaper is published therein,

by posting notices at least 10 days prior to the sale in at least three public places

in the county, two of which shall be in the township where the property is to be offered

for sale. 3. The notice shall: (a) Give a description of the property to be sold. (b) Give the time and place of the sale. (c) Give the name of the hotel, inn, motel, motor court, boardinghouse or lodging

house at which the property or baggage was left. (d) Give the name of the owner of the property when known. (e) Be signed by the person conducting the sale. 4. If the name and residence of the owner of the property upon which the lien is to

be foreclosed is known, a copy of the notice shall, at the time of the posting or

publication, be delivered to the owner, if the owner resides in the county; otherwise,

it shall be mailed to the owner’s last known place of residence. 5. After paying all costs of keeping the property until the time of sale, the reasonable

costs of the sale and the amount due the lien claimant, the remainder, if any, shall

be paid to the county treasurer of the county in which the lien is foreclosed with

a statement of the innkeeper's claim, the costs of enforcing it, a copy of the published

or posted notice, and the amount received for the property sold at the sale. The residue shall be paid into the county school district fund, subject to a right

of the guest or boarder, or the representative of the guest or boarder, to reclaim

it within 6 months from the date of the deposit.