Nevada · statute · Nev. Rev. Stat. ch. 143 · 99 active provisions
If there are two personal representatives, the acts of one alone are valid if the other is absent from the state, or for any cause is laboring under any legal disability or conflict of interest, and if there are more than two, the acts of a majority are sufficient.
Except as otherwise provided in NRS 143.030 and 146.010, a personal representative has a right to the possession of all the real, as well as personal, property of the decedent and may receive the rents and profits of the property until the estate is settled, or until delivered over by order of the court to the heirs or…
1. A personal representative shall take into possession all the estate of the decedent, real and personal, except that exempted as provided in this title, and shall collect all receivables due the decedent or the estate. 2. For the purpose of bringing actions to quiet title or for partition of the estate, the possessio…
1. A personal representative shall use reasonable diligence in performing the duties of the personal representative and in pursuing the administration of the estate. 2. In the absence of pending litigation or a contested proceeding involving the estate, a personal representative in charge of an estate that has not been…
1. Except as otherwise provided in this section, a personal representative shall close an estate within 18 months after appointment. 2. If an estate is not closed within 18 months after the appointment of a personal representative and: (a) A claim against the estate is in litigation or in summary determination pursuant…
1. If a partnership existed between the decedent, at the time of death, and any other person, the surviving partner may continue in possession of the effects of the partnership and settle its business, but the interest of the decedent must be included in the inventory and appraised as an asset of the estate. 2. The sur…
1. Except as otherwise provided in subsection 2, NRS 143.520 or the decedent’s will, after notice given as provided in NRS 155.010 or in such other manner as the court directs: (a) Subject to the partnership agreement and the applicable provisions of chapter 87, 87A or 88 of NRS, the personal representative may continu…
Actions for the recovery of any property, real or personal, or for the possession thereof, or to quiet title thereto, or to determine any adverse claim thereon, and all actions founded upon contracts, may be maintained by and against a personal representative in all cases in which the actions might have been maintained…
A statute of limitations running on a cause of action belonging to a decedent, that was not barred as of the date of death, does not bar the cause of action sooner than 1 year after the death. A cause of action that, but for this section, would be barred less than 1 year after the death of the decedent is barred after…
1. A personal representative may commence or maintain an action against any person who has wasted, destroyed, taken, carried away or converted the goods of the decedent. 2. A personal representative may also commence or maintain an action for trespass committed on the real property of the decedent while living.
Any person or the personal representative has a right of action against the personal representative of a decedent who, in the lifetime of the decedent wasted, destroyed, took, carried away or converted the goods or chattels of that person, or committed any trespass on the real property of that person.
A successor personal representative may, for the use and benefit of all interested persons, maintain an action on the bond of a former personal representative of the same estate.
If any person, before the granting of letters, converts, takes or alienates any of the money, goods, chattels or effects of a decedent, that person is chargeable and liable to an action by the personal representative for triple the value of the property so converted, taken or alienated, to be recovered for the benefit…
1. If a personal representative or other interested person alleges in a petition to the court that any person has, or is suspected to have, concealed, converted, conveyed away or otherwise disposed of any money, goods, chattels or effects of the decedent, or that the person has possession or knowledge of any deeds, con…
1. If the person so cited refuses to appear and submit to examination or to testify concerning the matter of the complaint, the court may commit the person to the county jail, there to remain confined until the person obeys the order of the court or is discharged according to law. 2. If, upon examination, it appears th…
The court, upon the petition of a personal representative, may require any person entrusted by the personal representative with any part of the estate of the decedent to appear before the court and render on oath a full accounting of any money, goods, chattels, bonds, accounts, or other papers or effects belonging to t…
1. Except as otherwise provided in NRS 143.440, 143.455, 143.465, 143.650 or 143.655, if a debtor of the decedent is unable to pay all debts, the personal representative, with the approval of the court, may give the person a discharge upon such terms as may appear to the court to be for the best interest of the estate.…
1. If the decedent conveyed any real property or any rights or interests therein, with intent to defraud creditors or to avoid any obligation, debt or duty owed another, or so conveyed the property that by law the deeds of conveyance are void as against creditors, or made a gift of property in contemplation of death, a…
1. A personal representative is not bound to maintain an action for the estate, pursuant to NRS 143.150, for the benefit of the creditors, unless a creditor of the decedent: (a) Files a petition; and (b) Pays the costs and expense of the litigation or gives such security as the court directs. 2. All real property so re…
1. Except as otherwise provided in subsection 6, on petition or ex parte application of an interested person, the court, with or without bond, may enter an ex parte order restraining a personal representative from performing specified acts of administration, disbursement or distribution, or exercising any powers or dis…
Unless approved in advance by a court after application, notice and a hearing on the matter, a personal representative shall not directly or indirectly purchase any property of the estate represented by the personal representative.
1. Except as otherwise provided in NRS 143.515, a personal representative may, with court approval: (a) Invest the property of the estate, make loans and accept security therefor, in the manner and to the extent authorized by the court; and (b) Exercise options of the estate to purchase or exchange securities or other…
1. Subject to such regulations as may be prescribed by the Federal Housing Administrator, a personal representative may: (a) Make such loans and advances of credit, and purchases of obligations representing the loans and advances of credit, as are eligible for insurance by the Federal Housing Administrator, and obtain…
A personal representative may purchase, invest in, and dispose of: 1. Farm loan bonds, consolidated farm loan bonds, debentures, consolidated debentures and other obligations issued by federal land banks and federal intermediate credit banks under the authority of the Federal Farm Loan Act, formerly 12 U.S.C. §§ 636 to…
1. A personal representative holding certificates of stock in that capacity may hold the stock in the name of a nominee without mention in the stock certificate or registration books, if: (a) The records of the personal representative and all reports and accountings the personal representative renders clearly show the…