17.460 - “Date of conversion” defined.

17.460  “Date of conversion” defined.  “Date of conversion” means the banking day next preceding the date on which money, in accordance with NRS 17.410 to 17.660, inclusive, is:

      1.  Paid to a claimant in an action or distributive proceeding;

      2.  Paid to the officer designated by law to enforce a judgment or award on behalf of a claimant; or

      3.  Used to recoup, set off or counterclaim in different moneys in an action or distributive proceeding.

      (Added to NRS by 1993, 194)