The Nevada Legislature is currently in session. The Legislature has an excellent website that makes researching and tracking pending legislation very easy. To research and track legislation, the website is: https://www.leg.state.nv.us.
Many creditors use garnishments as a means to enforcing their judgments. In a recent Nevada Supreme Court decision, Pacific Western Bank, v. The Eighth Judicial District Court 132 Nev. Adv. Op. 78 (2016), the Court recognized that a garnishment can occur on assets physically residing outside Nevada as long as the garnishee has contacts with Nevada in order to receive the writ. The case involved a Nevada creditor attempting to reach a student savings plan, under the direction of Wells Fargo bank in Nevada where Wells Fargo contracted with an out of state servicer for the student savings plan. The Court also recoginzed that laws should be interpreted broadly to allow for the collection of valid court judgments.
Hayes and Welsh is a top ranked commercial litigation law firm with expertise and experience in creditor’s rights action.
The 2017 Nevada Legislature will convene February 6, 2017. Legislation usually includes changes to Nevada’s collection and creditor laws as well as changes to judicial procedure. The attorneys at Hayes and Welsh follow these major legislative changes. Future blog posts will include important new legislation.
The Nevada Film Office https://www.nevadafilm.com publishes its Nevada Film Directory listing businesses that have expertise in the film industry. Hayes and Welsh is listed in the directory under the categories of permitting and entertainment law. Hayes and Welsh has experience in all forms of licensing and permitting and can be of assistance with film and movie production, contracts, employee matters, litigation, taxation, etc.
Governor Brian Sandoval, First Lady Kathleen Sandoval, Nevada Supreme Court Justice Nancy Saitta, and legislative and community leaders gathered Wednesday to launch a comprehensive review of Nevada’s juvenile justice system in an effort to further strengthen public safety and improve outcomes for youth in the state.
All Nevada businesses by now should have received a Welcome to Nevada Commerce Tax letter from the Nevada Department of Taxation. Effective July 1, 2015 the law, SB483 imposes an annual commerce tax in Nevada. The Law Office of Hayes and Welsh can answer your questions and assist with filing the Nevada Commerce Tax.
Many Nevada corporations forego formal dissolution or winding up when the corporation is no longer needed by its shareholders. Many owners of corporations decide to merely stop paying the annual incorporation fee as a method to put the entity out of business. This process does not comply with Nevada statutes (NRS 78.585;78.590 and 78.600) and may have adverse consequences to its shareholders, officers and directors. A good discussion of the corporate dissolution process can be found in Canarelli v. District Court, 127 Nev. Ad. Op. 72 (2011) The Canarelli decision involved specifically whether an unwilling director can be forced to act as a dissolution trustee (he or she cannot) and also provides a good overview of the dissolution process.
Hayes and Welsh attorney Larson Welsh has been recognized by the trusted ratings service Super Lawyers as a Rising Star for 2016 in the area of Creditor and Debtor Rights. Larson was one of four attorneys to receive this recognition for the Mountain States which includes the states of Nevada, Utah and Idaho.