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)
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 knowledge, is not responsible for determining: 1. Whether the person designated as custodian or purporting […]
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 the nomination or to the transferor or the transferor’s legal representative. If the event giving rise to a transfer has not occurred and no substitute custodian able, willing and eligible to serve […]
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 during the custodianship, may be asserted against the custodial property by proceeding against the custodian in his or her custodial […]
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 adult member of the minor’s family, or a transferor or the legal representative of the transferor may petition the court for: (a) An accounting by the custodian or the legal representative […]
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 NRS 167.023, 167.025, 167.027 or 167.029, or the age provided for under NRS 167.034, whichever is […]
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, 68)
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 capacity only. 2. This section does not relieve a custodian from liability for breach […]
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 custodial property, the custodian shall observe the standard of care that would be observed by a prudent person […]
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, without court order and without regard to: (a) The duty or ability of the custodian personally or of any other […]