Title 13

NRS 167.025 Transfer authorized in will or trust. 1. A personal representative or trustee may make an irrevocable transfer pursuant to the provisions of this chapter to a custodian for the benefit of a minor as authorized in the governing will or trust. 2. If the testator or sett…

NRS 167.027 Transfer not authorized in will or trust; transfer by conservator. 1. A personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to the provisions of this chapter, in the abs…

NRS 167.029 Transfer by debtor or person holding property of minor. 1. A person not subject to NRS 167.025 or 167.027 who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor p…

NRS 167.030 Creation of custodial property; manner of making transfer. 1. Custodial property is created and a transfer is made when: (a) An uncertificated security or a certificated security in registered form is: (1) Registered in the name of the transferor, an adult other than …

NRS 167.033 Nomination of custodian to serve upon future event. 1. A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a custodian to receive the property for a minor beneficiary upon the occur…

NRS 167.034 Delay of time for certain transfers; requirements. 1. Subject to the limitations of this section, the time for transfer to the minor of custodial property transferred under NRS 167.023, 167.025 or 167.033 may be delayed until a specified time after the time the minor …

NRS 167.035 Validity of transfer. The validity of a transfer made in a manner prescribed in this chapter is not affected by: 1. The failure of the transferor to comply with the provisions of NRS 167.030 concerning possession and control; 2. The designation of an ineligible custod…

NRS 167.040 Effect of transfer. 1. A transfer made in a manner prescribed in this chapter is irrevocable and conveys to the minor indefeasibly vested legal title to the custodial property, but the custodian has any right, power, duty or authority provided in this chapter and neit…

NRS 167.043 Acknowledgment of delivery of custodial property. A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to the provisions of this chapter. (Added to NRS by 1985, …

NRS 167.045 Rights of custodian. 1. A custodian, acting in a custodial capacity, has all the rights, powers and authority over custodial property that an unmarried adult has over his or her own property, but a custodian may exercise those rights, powers and authority in that capa…

NRS 167.050 Duties and powers of custodian. 1. The custodian shall: (a) Take control of the custodial property; (b) Register or record title to the custodial property, if appropriate; and (c) Collect, hold, manage, invest and reinvest the custodial property. 2. In dealing with cu…

NRS 167.055 Delivery, payment or expenditure of custodial property for benefit of minor. 1. A custodian may deliver or pay to the minor or expend for the minor’s benefit so much of the custodial property as the custodian considers advisable for the use and benefit of the minor, w…

NRS 167.060 Expenses, compensation and bond of custodian. 1. A custodian is entitled to reimbursement from the custodial property for reasonable expenses incurred in the performance of the custodian’s duties. 2. Unless a custodian is a transferor under NRS 167.023, the custodian …

NRS 167.070 Exemption of third persons from liability. A third person acting in good faith and without court order may act on the instructions of or otherwise deal with any person purporting to make a transfer or purporting to act in the capacity of a custodian and, without knowl…

NRS 167.080 Disclaimer, resignation, death or removal of custodian; designation of successor custodian; petition to remove or require bond of custodian. 1. A person nominated or designated as a custodian may decline to serve by delivering a valid disclaimer to the person who made…

NRS 167.085 Claims against custodial property; liability of custodian and minor. 1. A claim based on: (a) A contract entered into by a custodian acting in a custodial capacity; (b) An obligation arising from the ownership or control of custodial property; or (c) A tort committed …

NRS 167.090 Petition for accounting by custodian or determination of responsibility by court; delivery of custodial property and records to successor custodian. 1. The minor, if he or she has attained the age of 14 years, or the guardian or legal representative of the minor, an a…

NRS 167.095 Transfer by custodian to minor. The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of: 1. The minor’s attainment of 18 years of age with respect to custodial property transferred under NR…

NRS 167.100 Construction. This chapter must be so applied and construed as to effectuate its general purpose to make uniform the law of those states which enact it. (Added to NRS by 1957, 26; A 1985, 81)