Nevada § 612.686 - Creditors and debtors of employer: Duties; certain transfers of property prohibited; demand to transmit certain property to Administrator

§ 612.686. Creditors and debtors of employer: Duties; certain transfers of property prohibited; demand to transmit certain property to Administrator

1. If a person is notified of a delinquency pursuant to NRS 612.685 , the person shall neither transfer, pay over nor make any other disposition of money

or property belonging to the delinquent employing unit, or any portion thereof, until

the Administrator consents thereto in writing. 2. A person so notified shall, within 11 days after receipt of the notice, advise

the Administrator of all credits, debts or other personal property of the delinquent

employing unit in the person's possession, under the person's control or owing by

the person, as the case may be. 3. The Administrator may, by registered or certified mail or electronic transmission,

give the person so notified a demand to transmit. Upon receipt of the demand, that person shall transmit to the Division, within the

time and in the manner stated in the demand, the lesser of: (a) All the credits, debts or other personal property of the delinquent employing

unit in the person's possession, under the person's control or owing by the person;

or (b) The amount specified in the demand. Except as otherwise provided in subsection 4, no further notice is required. 4. If the property of the delinquent employing unit consists of a series of payments

owed to it, the person who owes or controls the payments shall transmit them to the

Division until otherwise notified by the Administrator. If the debt is not paid within 1 year after the demand to transmit was given, the

Administrator shall give another demand to the person who owes or controls the payments,

instructing the person to continue to transmit the payments or informing the person

that the person's duty to transmit them has ceased. 5. A person notified of a delinquency who makes any transfer or other disposition

of property required to be withheld or transmitted to the Division is liable for the

amount of the delinquency to the extent of the value of the property or the amount

of the debt so transferred or paid. 6. The Division shall determine as promptly as practicable whether sufficient liquid

assets have been withheld or transmitted to satisfy its claim. As soon as the Division determines that the assets are sufficient, it shall consent

in writing to a transfer or other disposition of assets in excess of the amount needed.