Nev. Rev. Stat. § 612.695 (2026)
Liability of employer and purchaser or transferee upon sale or transfer of assets and quitting business
1. Any employer who, outside the usual course of the employer’s business, sells or transfers substantially all or any one of the classes of assets enumerated in subsection 1 of NRS 612.690 and quits business, shall within 10 days after the sale or transfer file such reports as the Administrator may prescribe and pay the contributions, interest or forfeits required by this chapter with respect to wages for employment to the date of the sale or transfer.
2. In the case of a sale:
(a) The purchaser shall withhold sufficient of the purchase money to cover the amount of all contributions, interest and forfeits due and unpaid until such time as the seller produces a receipt from the Administrator showing that the contributions, interest and forfeits have been paid or a certificate showing that no contributions, interest or forfeits are due.
(b) If the seller fails, within the 10-day period, to produce the receipt or certificate, the purchaser shall pay the sum so withheld to the Administrator upon demand.
(c) If the purchaser fails to withhold purchase money as provided in paragraph (a) and the contributions, interest and forfeits are not paid within the 10 days specified in this section, the purchaser is personally liable for the payment of the contributions, interest and forfeits accrued and unpaid on account of the operation of the business by the former owner.
3. In the case of a transfer other than a sale, if the contributions, interest and forfeits are not paid within the 10 days specified in this section, the transferee is personally liable for the payment of the contributions, interest and forfeits accrued and unpaid on account of the operation of the business by the former owner.
[Part 14.3:129:1937; added 1941, 412; A 1949, 257; 1943 NCL § 2825.14c]—(NRS A 1993, 1850; 2013, 1973)
PROTECTION OF RIGHTS AND BENEFITS