Abandoned Property – Abandoned Property Self Storage – Nevada
Note: This summary is not intended to be an all inclusive discussion of abandoned property law, but does include basic provisions. You should check the State Laws for updates.
Nevada Revised Statutes
TITLE 58–PUBLIC UTILITIES AND SIMILAR ENTITIES
CHAPTER 712 – STORAGE OF HOUSEHOLD GOODS AND EFFECTS
This chapter shall be known and may be cited as the Household Goods and Effects Storage Act.
The legislature hereby finds and declares that the storage of household goods and effects in warehouses affects the public interest and the public welfare, and in the exercise of its police power it is necessary to vest in the transportation services authority the authority to set certain standards as to fitness and financial stability, and to require certain insurance as a condition for engaging in such storage business.
“Storage of household goods and effects” defined.
1. “Storage of household goods and effects” means the storage for compensation of the personal household goods and effects of another where the operator of a warehouse holds himself out to the public to provide such storage.
2. “Storage of household goods and effects” does not include:
(a) The storage of personal household goods and effects when the owner rents for his exclusive use separate and distinct storage facilities from another and the lessor assumes no responsibility for the care, maintenance or safety of the stored property; or
(b) Personal property consigned to a warehouse under circumstances described in section 1 of article 10 of the constitution of the State of Nevada.
Permit for warehouse required.
A person shall not engage in the storage of household goods and effects without first having obtained from the transportation services authority a warehouse permit to conduct such service.
Requirements for permit; grounds for revocation; fee; penalty.
1. Before issuing a warehouse permit the transportation services authority shall:
(a) Require proof of financial ability to protect persons storing property from loss or damage, and a showing of sufficient assets, including working capital, to carry out the proposed service.
(b) Determine that the applicant has sufficient experience in and knowledge of the storage in a warehouse of household goods and effects, and the regulations of the transportation services authority governing the storage of household goods and effects.
(c) Require proof that the applicant carries a legal policy of liability insurance evidencing coverage against fire, theft, loss and damage for stored property and effects in an amount not less than the base release value set forth in the tariff approved by the transportation services authority governing the transportation of household goods and effects for those articles not covered by private insurance. Except upon 30 days’ written notice to the transportation services authority, the insurance must not be canceled during the period for which any permit is issued. Failure to keep the insurance in effect is cause for revocation of any warehouse permit.
(d) Require information showing that the property to be used for storage of household goods and effects is reasonably suitable for that purpose. Failure to maintain the property in suitable condition is cause for revocation of any warehouse permit.
(e) Collect an initial fee for the permit as set by the transportation services authority according to the gross volume of business in an amount not less than $25 nor more than $50.
2. On or before January 1 of each year, the holder of a warehouse permit shall pay to the transportation services authority an annual fee as set by the transportation services authority pursuant to paragraph (e) of subsection 1.
3. Any person who fails to pay the annual fee on or before the date provided in this section shall pay a penalty of 10 percent of the amount of the fee plus interest on the amount of the fee at the rate of 1 percent per month or fraction of a month from the date the fee is due until the date of payment.
Inspection by transportation services authority.
The transportation services authority or its agents may:
1. Inspect any property proposed to be used for storage of household goods and effects to determine its suitability.
2. Examine the premises, books and records of any permit holder.
Rules and regulations of transportation services authority.
The transportation services authority shall adopt such rules or regulations as may be required for the administration of this chapter.
Disciplinary proceedings; judicial review.
The provisions of NRS 703.373 to 703.376, inclusive, relating to revocation and suspension of certificates, permits and licenses and judicial review thereof, apply to proceedings to suspend or revoke any permit issued under this chapter.
Any person who violates any provision of this chapter, or any rule or regulation adopted pursuant to this chapter, is, in addition to any civil penalties which may be provided, guilty of a misdemeanor.