Title 10

NRS 111.769 Revocation of beneficiary designation: Authorized unless expressly made irrevocable; agreement of all owners; effect of subsequent designations or transfers; effective date. 1. Unless a beneficiary designation is expressly made irrevocable, a beneficiary designation m…

NRS 111.771 Property held in beneficiary form; registration in beneficiary form; transfer-on-death directions. 1. Property may be held in beneficiary form or registered in beneficiary form by including in the name in which the property is held or registered a direction to transfe…

NRS 111.773 Disqualification of beneficiary. Any interest in property that would be distributed by nonprobate transfer to or for a beneficiary who is disqualified as a beneficiary pursuant to chapter 41B of NRS must be transferred as if the disqualified beneficiary had disclaimed…

NRS 111.775 Authority of agent, guardian or other fiduciary to change beneficiary designation. An agent, guardian of the person or other fiduciary may not make, revoke or change a beneficiary designation unless: 1. The power of attorney or other document establishing the agent, g…

NRS 111.777 Rights of beneficiary if property lost, destroyed, damaged or converted during owner’s lifetime. If property subject to a beneficiary designation is lost, destroyed, damaged or involuntarily converted during the owner’s lifetime, the beneficiary succeeds to any right …

NRS 111.779 Liability of nonprobate transferee; proceedings to impose liability; payment of claims against nonprobate assets. 1. Except as otherwise provided in NRS 21.090 and other applicable law, a transferee of a nonprobate transfer is liable to the probate estate of the deced…

NRS 111.781 Effect of divorce or annulment on nonprobate transfer of property; liability of payor for payment or transfer made in good faith; federal preemption. 1. Except as otherwise provided by the express terms of a governing instrument, a court order or a contract relating t…

NRS 111.783 Applicability. The provisions of NRS 111.783 to 111.815, inclusive: 1. Apply to accounts in financial institutions in this State for which ownership is determined under Nevada law. 2. Do not apply to: (a) An account established for a partnership, joint venture or othe…

NRS 111.785 Single party or multiple parties: POD designation or agency designation; governing law. 1. An account may be for a single party or multiple parties. A multiple-party account may be with or without a right of survivorship between the parties. Subject to subsection 3 of…

NRS 111.787 Type and form of account; governing law for other types of accounts. 1. An agreement of deposit that contains provisions in substantially the following form establishes the type of account provided, and the account is governed by the provisions of NRS 111.783 to 111.8…

NRS 111.789 Designation of agent; authority of agent; designation revocable. 1. By a writing signed by all parties, the parties may designate as agent of all parties on an account a person other than a party to the account. 2. Unless the terms of an agency designation provide tha…

NRS 111.791 Beneficial ownership: Applicability. The provisions of NRS 111.791 to 111.801, inclusive, concerning beneficial ownership as between parties or as between parties and beneficiaries: 1. Apply only to controversies between those persons and their creditors and other suc…

NRS 111.793 Proportional ownership; exception to proportional ownership; rights of beneficiary; rights of agent. 1. During the lifetime of all parties, an account belongs to the parties in proportion to the net contribution of each to the sums on deposit, unless there is clear an…

NRS 111.795 Rights of surviving parties upon death of party to multiple-party account; right to sums in account if POD designation; rights at death to sums on deposit. 1. Except as otherwise provided in NRS 111.783 to 111.815, inclusive, or in an applicable contract, on the death…

NRS 111.797 Alteration of type of account; right of survivorship not altered by will. 1. The rights at death under NRS 111.795 are determined by the type of account at the death of a party. The type of account may be altered by written notice given by a party to the financial ins…

NRS 111.799 Transfers not testamentary or subject to estate administration; effective with or without consideration. A transfer resulting from the application of NRS 111.795 is effective by reason of the terms of the account involved and NRS 111.783 to 111.815, inclusive, and is …

NRS 111.801 Character of and rights in community property not altered; exception. A deposit of community property in an account does not alter the community character of the property or community rights in the property, but a right of survivorship between parties married to each …

NRS 111.803 Authority of financial institutions to enter into agreements of deposit; financial institutions not required to make inquiries concerning accounts. A financial institution may enter into an agreement of deposit for a multiple-party account to the same extent it may en…

NRS 111.805 Payment of sums on deposit: Multiple-party accounts. A financial institution, on request, may pay sums on deposit in a multiple-party account to: 1. One or more of the parties, whether or not another party is disabled, incapacitated or deceased when payment is request…

NRS 111.807 Payments of sums on deposit: Accounts with POD designation. A financial institution, on request, may pay sums on deposit in an account with a POD designation to: 1. One or more of the parties, whether or not another party is disabled, incapacitated or deceased when th…

NRS 111.809 Payment of sums on deposit: Payments to agents. A financial institution, on request of an agent under an agency designation for an account, may pay to the agent sums on deposit in the account, whether or not a party is disabled, incapacitated or deceased when the requ…

NRS 111.811 Payments made to minors designated as beneficiaries. If a financial institution is required or authorized to make payment pursuant to NRS 111.783 to 111.815, inclusive, to a minor designated as a beneficiary, payment may be made pursuant to Nevada’s Uniform Act on Tra…

NRS 111.813 Financial institutions discharged from claims after payments; exceptions; rights of parties not affected. 1. Payment made pursuant to NRS 111.783 to 111.815, inclusive, in accordance with the type of account, discharges the financial institution from all claims for am…

NRS 111.815 Rights of beneficiary; limitations; liability of beneficiaries. A beneficiary of a nonprobate transfer takes the owner’s interest in the property at death, subject to all conveyances, assignments, contracts, setoffs, licenses, easements, liens and security interests m…

NRS 111.825 Definitions. As used in NRS 111.825 to 111.880, inclusive, the words and terms defined in NRS 111.830 to 111.855, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2011, 317)

NRS 111.830 “Buyer” defined. “Buyer” includes, without limitation, a grantee or other transferee of an interest in real property. (Added to NRS by 2011, 317)

NRS 111.835 “Payee” defined. “Payee” means the natural person to whom or the entity to which a private transfer fee is to be paid and the successors or assigns of the natural person or entity. (Added to NRS by 2011, 317)

NRS 111.840 “Private transfer fee” defined. 1. “Private transfer fee” means a fee or charge required by a private transfer fee obligation and payable upon the transfer of an interest in real property, or payable for the right to make or accept such a transfer, regardless of wheth…

NRS 111.845 “Private transfer fee obligation” defined. “Private transfer fee obligation” means an obligation arising under a declaration or covenant recorded against the title to real property, or under any other contractual agreement or promise, whether or not recorded, that req…

NRS 111.850 “Seller” defined. “Seller” includes, without limitation, a grantor or other transferor of an interest in real property. (Added to NRS by 2011, 318)

NRS 111.855 “Transfer” defined. “Transfer” means the sale, gift, conveyance, assignment, inheritance or other transfer of an interest in real property. (Added to NRS by 2011, 318)

NRS 111.860 Legislative findings and declaration. The Legislature finds and declares that: 1. The public policy of this State favors the marketability of real property and the transferability of interests in real property free of defects in title or unreasonable restraints on the…

NRS 111.865 Private transfer fee obligations prohibited. 1. Except as otherwise provided in NRS 111.870: (a) A person shall not, on or after May 20, 2011, create or record a private transfer fee obligation in this State; and (b) A private transfer fee obligation that is created o…

NRS 111.870 Creation before May 20, 2011; recordation; amendment; failure to record. 1. The payee under a private transfer fee obligation that was created before May 20, 2011, shall, on or before July 31, 2012, record in the office of the county recorder of the county in which th…

NRS 111.875 Enforcement of private transfer fee obligations created before May 20, 2011. 1. If a written request for a written statement of the amount of the transfer fee due upon the sale of real property is sent by certified mail, return receipt requested, to the payee under a …

NRS 111.880 Liability for creation after May 20, 2011. 1. Any person who creates or records a private transfer fee obligation in the person’s favor on or after May 20, 2011, or who fails to comply with a requirement imposed by subsection 1 of NRS 111.870 or subsection 1 of NRS 11…