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, unless the bank pays the check with actual knowledge that the fiduciary […]
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 by the fiduciary upon an account in the name […]
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 account, neither the payee nor other holder nor the bank […]
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 and banking, shall continue to apply. [12:44:1923; NCL § 2996]
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]
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” includes a claim of any interest by a decedent’s legatee, distributee, heir or creditor, a beneficiary […]
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 relationship, and thereafter the corporation and its transfer agent may assume without inquiry that the […]
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 fiduciary or to a nominee of the fiduciary, is within his or her authority and […]