Nevada Revised Statutes 37.280 – Distribution of interest earned from investment of money deposited in court
The interest earned from any investment of money that has been deposited in any court pursuant to this chapter must be distributed in the following manner:
Terms Used In Nevada Revised Statutes 37.280
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Final judgment: means a judgment which cannot be directly attacked by appeal, motion for new trial or motion to vacate the judgment. See Nevada Revised Statutes 37.009
- Judgment: means the judgment determining the right to condemn property and fixing the amount of compensation to be paid by the plaintiff. See Nevada Revised Statutes 37.009
- Plaintiff: The person who files the complaint in a civil lawsuit.
1. If the amount of the compensation awarded upon final judgment, not including any interest upon the judgment, is equal to or greater than the amount of money deposited in the court, the defendant is entitled to receive all the interest earned.
2. If the amount of the compensation awarded upon final judgment, not including any interest upon the judgment, is less than the amount of money deposited in the court:
(a) The defendant is entitled to receive a percentage of the interest earned that represents the amount of money deposited in the court as compared to the amount of the compensation awarded upon final judgment, not including any interest upon the judgment.
(b) The plaintiff is entitled to receive any interest remaining following the distribution to the defendant pursuant to paragraph (a).