Title 13

NRS 161.010 Appointment. Whenever a person, referred to in this chapter as an absentee, serving in or with the Armed Forces of the United States, or a person serving as a merchant seaman, has been reported or listed as missing, or missing in action, or interned in a neutral count…

NRS 161.020 Bond; reports; powers. 1. The court shall have full discretionary authority to appoint any suitable person as conservator and may require a conservator to post an adequate surety bond and to make such reports as the court may deem necessary. 2. The conservator shall h…

NRS 161.030 Termination of conservatorship: Delivery of property. 1. At any time upon petition signed by the absentee, or on petition of an attorney-in-fact acting under an adequate power of attorney granted by the absentee, the court shall direct the termination of the conservat…

NRS 162.010 Short title. NRS 162.010 to 162.140, inclusive, may be cited as the Uniform Fiduciaries Act. [14:44:1923; NCL § 2998]—(NRS A 1959, 605)

NRS 162.020 Definitions. 1. In NRS 162.010 to 162.140, inclusive, unless the context of subject matter otherwise requires: (a) “Bank” includes any person or association of persons, whether incorporated or not, carrying on the business of banking. (b) “Fiduciary” includes a truste…

NRS 162.030 Application of payment made to fiduciary. A person who in good faith pays or transfers to a fiduciary any money or other property which the fiduciary as such is authorized to receive, is not responsible for the proper application thereof by the fiduciary; and any righ…

NRS 162.050 Transfer of negotiable instrument by fiduciary. If any negotiable instrument payable or endorsed to a fiduciary as such is endorsed by the fiduciary, or if any negotiable instrument payable or endorsed to his or her principal is endorsed by a fiduciary empowered to en…

NRS 162.060 Check drawn by fiduciary payable to third person. If a check or other bill of exchange is drawn by a fiduciary as such, or in the name of his or her principal by a fiduciary empowered to draw such instrument in the name of the principal, the payee is not bound to inqu…

NRS 162.070 Check drawn by and payable to fiduciary. If a check or other bill of exchange is drawn by a fiduciary as such or in the name of his or her principal by a fiduciary empowered to draw such instrument in the name of the principal, payable to the fiduciary personally, or …

NRS 162.080 Deposit in name of fiduciary as such. If a deposit is made in a bank to the credit of a fiduciary as such, the bank is authorized to pay the amount of the deposit or any part thereof upon the check of the fiduciary, signed with the name in which such deposit is entere…

NRS 162.090 Check drawn upon account of principal. If a check is drawn upon the account of his or her principal in a bank by a fiduciary who is empowered to draw checks upon the principal’s account, the bank is authorized to pay such check without being liable to the principal, u…

NRS 162.100 Deposit in personal account of fiduciary. If a fiduciary makes a deposit in a bank to his or her personal credit of checks drawn by the fiduciary upon an account in his or her own name as fiduciary, or of checks payable to him or her as fiduciary, or of checks drawn b…

NRS 162.110 Deposit in names of two or more trustees. When a deposit is made in a bank in the name of two or more persons as trustees and a check is drawn upon the trust account by any trustee or trustees authorized by the other trustee or trustees to draw checks upon the trust a…

NRS 162.120 Applicability. The provisions of NRS 162.010 to 162.140, inclusive, shall not apply to transactions taking place prior to March 1, 1923. [11:44:1923; NCL § 2995]

NRS 162.130 Cases not provided for in NRS 162.010 to 162.140, inclusive. In any case not provided for in NRS 162.010 to 162.140, inclusive, the rules of law and equity, including the law merchant and those rules of law and equity relating to trusts, agency, negotiable instruments…

NRS 162.140 Uniformity of interpretation. NRS 162.010 to 162.140, inclusive, shall be so interpreted and construed as to effectuate their general purpose to make uniform the law of those states which enact them. [13:44:1923; NCL § 2997] ACT FOR SIMPLIFICATION OF FIDUCIARY SECURIT…

NRS 162.150 Short title. NRS 162.150 to 162.250, inclusive, may be cited as the Act for Simplification of Fiduciary Security Transfers. (Added to NRS by 1959, 605)

NRS 162.160 Definitions. As used in NRS 162.150 to 162.250, inclusive, unless the context otherwise requires: 1. “Assignment” includes any written stock power, bond power, bill of sale, deed, declaration of trust or other instrument of transfer. 2. “Claim of beneficial interest” …

NRS 162.170 Registration in name of fiduciary. A corporation or transfer agent registering a security in the name of a person who is a fiduciary or who is described as a fiduciary is not bound to inquire into the existence, extent or correct description of the fiduciary relations…

NRS 162.180 Assignment by fiduciary. Except as otherwise provided in NRS 162.150 to 162.250, inclusive, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary: 1. May assume without inquiry that the assignment, even though to the …

NRS 162.210 Nonliability of corporation and transfer agent. A corporation or transfer agent incurs no liability to any person by making a transfer or otherwise acting in a manner authorized by NRS 162.150 to 162.250, inclusive. (Added to NRS by 1959, 605)

NRS 162.220 Nonliability of third person. 1. No person who participates in the acquisition, disposition, assignment or transfer of a security by or to a fiduciary, including a person who guarantees the signature of the fiduciary, is liable for participation in any breach of fiduc…

NRS 162.230 Application of NRS 162.150 to 162.250, inclusive. The provisions of NRS 162.150 to 162.250, inclusive, apply to the rights and duties of a person other than the issuing corporation and its transfer agents with regard to acts and omission in this state in connection wi…

NRS 162.240 Tax obligations. NRS 162.150 to 162.250, inclusive, do not affect any obligation of a corporation or transfer agent with respect to any taxes imposed by the laws of this state. (Added to NRS by 1959, 605)

NRS 162.250 Uniformity of interpretation. NRS 162.150 to 162.250, inclusive, shall be so construed as to effectuate their general purpose to make uniform the law of those states which enact them. (Added to NRS by 1959, 605) MISCELLANEOUS PROVISIONS

NRS 162.260 Succession to powers and duties of original fiduciary. A successor or substitute fiduciary succeeds to all the powers and duties which the will, deed or other instrument conferred on the original fiduciary with respect to the estate or trust unless the instrument expr…

NRS 162.270 Continued administration by surviving fiduciary. The survivor of two or more fiduciaries may continue to administer the property of the estate or trust without the appointment of a successor unless the continued administration by the survivor is contrary to an express…

NRS 162.280 Withholding of property from beneficiary. At the time for distribution of any property of an estate or trust, the fiduciary may withhold any part or all of the property from the beneficiaries if the fiduciary determines that the property may be subject to claims of of…

NRS 162.300 Establishment of trust or formation of entity by fiduciary; transfer, assignment or conveyance of estate or trust property to trust or entity; ownership or control of trust or entity by trust. 1. A fiduciary may establish a trust or form a corporation, limited-liabili…

NRS 162.310 Limitation on duty of attorney representing fiduciary with respect to principal. 1. An attorney who represents a fiduciary does not, solely as a result of such attorney-client relationship, assume a corresponding duty of care or other fiduciary duty to a principal. 2.…

NRS 162A.010 Definitions. As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 162A.020 to 162A.160, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2009, 174; A 2019, 2186)

NRS 162A.020 “Acknowledged” defined. “Acknowledged” means purportedly verified before a notary public or other individual authorized to take acknowledgments. (Added to NRS by 2009, 174)

NRS 162A.030 “Agent” defined. “Agent” means a person granted authority to act for a principal under a power of attorney, whether denominated an agent, attorney-in-fact or otherwise. The term includes an original agent, co-agent, successor agent and a person to which an agent’s au…

NRS 162A.040 “Durable” defined. “Durable,” with respect to a power of attorney, means not terminated by the principal’s incapacity. (Added to NRS by 2009, 175)

NRS 162A.050 “Electronic” defined. “Electronic” means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic or similar capabilities. (Added to NRS by 2009, 175)

NRS 162A.060 “Good faith” defined. “Good faith” means honesty in fact. (Added to NRS by 2009, 175)

NRS 162A.070 “Incapacity” defined. “Incapacity” means the inability of an individual to manage property or business affairs because the individual: 1. Has an impairment in the ability to receive and evaluate information or make or communicate decisions even with the use of techno…

NRS 162A.075 “Nondurable” defined. “Nondurable,” with respect to a power of attorney, means terminated by the principal’s incapacity. (Added to NRS by 2019, 2185)

NRS 162A.080 “Person” defined. “Person” means an individual, corporation, business trust, estate, trust, partnership, limited-liability company, association, joint venture, public corporation, government or governmental subdivision, agency or instrumentality, or any other legal o…

NRS 162A.090 “Power of attorney” defined. “Power of attorney” means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term “power of attorney” is used. (Added to NRS by 2009, 175)

NRS 162A.100 “Presently exercisable general power of appointment” defined. “Presently exercisable general power of appointment,” with respect to property or a property interest subject to a power of appointment, means power exercisable at the time in question to vest absolute own…

NRS 162A.110 “Principal” defined. “Principal” means an individual who grants authority to an agent in a power of attorney. (Added to NRS by 2009, 175)

NRS 162A.120 “Property” defined. “Property” means anything that may be the subject of ownership, whether real or personal, or legal or equitable, or any interest or right therein. (Added to NRS by 2009, 175)

NRS 162A.130 “Record” defined. “Record” means information which is inscribed on a tangible medium or which is stored in an electronic or other medium and is retrievable in perceivable form. (Added to NRS by 2009, 175)

NRS 162A.140 “Sign” defined. “Sign” means, with present intent to authenticate or adopt a record: 1. To execute or adopt a tangible symbol; or 2. To attach to or logically associate with the record an electronic sound, symbol or process. (Added to NRS by 2009, 175)

NRS 162A.150 “State” defined. “State” means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. (Added to NRS by 2009, 175)