Nevada § 31.291 - Garnishment of certain financial institutions

§ 31.291. Garnishment of certain financial institutions

1. Debts and credits, due or to become due, from a bank incorporated under the laws

of the State of Nevada or the laws of the United States of America, or other personal

property held by the bank must be garnished by serving a copy of the writ of garnishment

on one of the following officers of the bank: (a) If the bank has no branches, trust department or military facility, on the president,

vice president, assistant vice president, cashier, assistant cashier, manager or other

managing officer in charge of the bank owing the debts, or having in its possession

or under its control the credits or other personal property. (b) If the bank has branches or military facilities owing the debts or having in its

possession or under its control the credits or other personal property, on the vice

president, assistant vice president, assistant cashier, manager or other managing

officer in charge of the branch or in charge of the military facility. Service on that officer or agent constitutes a valid levy on any debt, credit or other

personal property owing by any branch or military facility of the bank. (c) If the bank has a trust department owing the debts or having in its possession

or under its control the credits or other personal property, on the vice president

and trust officer, trust officer, assistant trust officer or other managing officer

of the trust department. 2. Debts and credits due or to become due from a credit union, savings and loan association

or savings bank incorporated under the laws of the State of Nevada or the laws of

the United States of America or other personal property and choses in action held

by the credit union, savings and loan association or savings bank must be garnished

by serving the writ of garnishment in the same manner as upon banks pursuant to subsection

1. 3. A garnishment pursuant to this section creates a lien only upon the amounts in

the accounts or to the credit of the debtor at the time of service of the writ of

garnishment. An item in the process of collection is included in the amount of an account unless

the item is returned unpaid. Money in the accounts that the garnishee has declared under oath and in answers to

interrogatories to be exempt from execution is not included in the amount of the account. 4. No garnishment may occur until the defendant has been served with the notice of

execution in substantially the form prescribed in NRS 31.045 and in the manner prescribed in NRS 21.076 .