Nevada § 370A.150 - Deposits into escrow: Disposition of interest; release of principal
Full text of Nevada Nevada Revised Statutes § 370A.150 — Deposits into escrow: Disposition of interest; release of principal, with citation guidance and answers to common questions.
§ 370A.150. Deposits into escrow: Disposition of interest; release of principal
2 of NRS 370A.140 shall receive the interest or other appreciation on the deposit as earned. The principal of the deposit may be released from escrow only under the following
circumstances: 1. To pay a judgment or settlement on a released claim brought against that manufacturer
by this State or by a releasing party located or residing in this State. Money may be released from escrow under this subsection only in the order in which
it was deposited into escrow and only to the extent and at the time necessary to make
payments required under the judgment or settlement. 2. To the extent that the manufacturer establishes that the amount it was required
to deposit into escrow on account of units sold in the State in a particular year
was greater than the Master Settlement Agreement payments, as determined pursuant
to section IX(i) of that Agreement including after final determination of all adjustments,
that such manufacturer would have been required to make on account of such units sold
if the manufacturer had been a participating manufacturer, the excess must be released
from escrow and revert to the manufacturer. 3. In accordance with the provisions of NRS 370A.157 . 4. To the extent not released from escrow under subsection 1, 2 or 3, deposits must
be released from escrow and revert to the manufacturer 25 years after the date on
which they were deposited.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 370A.150
What does Nevada Revised Statutes § 370A.150 cover?
Section 370A.150 ("Deposits into escrow: Disposition of interest; release of principal") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 370A.150?
A common citation format is "Nevada Revised Statutes § 370A.150" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 370A.150 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.