NRS 120.310 – Tax qualified disclaimer.
Notwithstanding any other provision of this chapter, if as a result of a disclaimer or transfer the disclaimed or transferred interest is treated pursuant to the provisions of Title 26 of the United States Code, as now or hereafter amended, or any successor statute thereto, and the regulations promulgated thereunder, as never having been transferred […]
NRS 120.320 – Recording of disclaimer.
If an instrument transferring an interest in or power over property subject to a disclaimer is required or permitted by law to be filed, recorded or registered, the disclaimer may be so filed, recorded or registered. Except as otherwise provided in paragraph (b) of subsection 6 of NRS 120.290, failure to file, record or register […]
NRS 120.190 – “Trust” defined.
“Trust” means: 1. An express trust, charitable or noncharitable, with additions thereto, whenever and however created; and 2. A trust created pursuant to a statute, judgment or decree which requires the trust to be administered in the manner of an express trust. (Added to NRS by 2007, 279)
NRS 120.200 – Scope.
This chapter applies to disclaimers of any interest in or power over property, whenever created. (Added to NRS by 2007, 279)
NRS 120.210 – Chapter supplemented by other law.
1. Unless displaced by a provision of this chapter, the principles of law and equity supplement this chapter. 2. This chapter does not limit any right of a person to waive, release, disclaim or renounce an interest in or power over property under a law other than this chapter. (Added to NRS by 2007, 279)
NRS 120.220 – Power to disclaim; general requirements; when irrevocable.
1. A person may disclaim, in whole or part, any interest in or power over property, including a power of appointment. A person may disclaim the interest or power even if its creator imposed a spendthrift provision or similar restriction on transfer or a restriction or limitation on the right to disclaim. 2. Except to […]
NRS 120.130 – “Disclaimed interest” defined.
“Disclaimed interest” means the interest that would have passed to the disclaimant had the disclaimer not been made. (Added to NRS by 2007, 278)
NRS 120.140 – “Disclaimer” defined.
“Disclaimer” means the refusal to accept an interest in or power over property. (Added to NRS by 2007, 278)
NRS 120.150 – “Fiduciary” defined.
“Fiduciary” means a personal representative, trustee, agent acting under a power of attorney or other person authorized to act as a fiduciary with respect to the property of another person. (Added to NRS by 2007, 278)
NRS 120.160 – “Jointly held property” defined.
“Jointly held property” means property held in the name of two or more persons under an arrangement in which all holders have concurrent interests and under which the last surviving holder is entitled to the whole of the property. (Added to NRS by 2007, 278)