Nrs: Chapter 143 - Powers And Duties Of Personal Representatives

Link to law: https://www.leg.state.nv.us/NRS/NRS-143.html
Published: 2015

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[Rev. 11/21/2013 9:45:46

AM--2013]



CHAPTER 143 - POWERS AND DUTIES OF PERSONAL

REPRESENTATIVES

ADMINISTRATION OF ESTATES GENERALLY

NRS 143.010           Multiple

personal representatives: Effect of absence or disability; sufficiency of acts

of majority.

NRS 143.020           Right

to possession of decedent’s property.

NRS 143.030           Duty

to take possession of estate and collect debts; exception for certain assets

held by guardian.

NRS 143.035           Duty

to use reasonable diligence; report required if estate not closed within

certain times; hearing and determinations by court.

NRS 143.037           Duty

to close estate within 18 months after appointment; exceptions.

NRS 143.040           Rights

of surviving partner.

NRS 143.050           Continuing

business of decedent.

NRS 143.060           Extent

of power to sue and be sued.

NRS 143.065           Statute

of limitations for cause of action of decedent.

NRS 143.070           Actions

by personal representative for conversion or trespass.

NRS 143.080           Actions

against personal representative for conversion or trespass.

NRS 143.090           Action

on bond of former personal representative.

NRS 143.100           Action

for conversion before letters granted.

NRS 143.110           Procedure

when conversion alleged: Citation; examination; allowance of necessary

expenses.

NRS 143.120           Procedure

when conversion alleged: Commitment for refusal to appear for examination;

order requiring delivery of property to personal representative.

NRS 143.130           Accounting

by person holding assets of estate for personal representative; penalty for

failure or refusal to comply with order.

NRS 143.140           Discharging

debtor of estate, compromising claims and renewing obligations: Procedure.

NRS 143.150           Action

to recover fraudulently conveyed property for benefit of creditors.

NRS 143.160           Costs;

disposal of property recovered; proceeds.

NRS 143.165           Temporary

order to restrain personal representative from performing administration,

disbursement or distribution of estate: Issuance; hearing.

NRS 143.170           Purchase

of property of estate by personal representative.

NRS 143.175           Power

to make certain investments.

NRS 143.180           Power

to make loans, advances of credit and other investments insured by Federal

Housing Administrator; validation of loans, advances of credit and purchases of

obligations made before October 1, 1999.

NRS 143.185           Power

to invest in farm loan bonds and other obligations issued by federal land banks

and banks for cooperatives.

NRS 143.187           Power

to hold stock in name of nominee; personal liability of personal

representative.

NRS 143.188           Power

to direct termination of certain electronic or digital accounts or assets.

NRS 143.190           Cumulative

method of service of process on personal representative; written statement

containing permanent address of personal representative to be filed with clerk.

NRS 143.200           Actions

not to abate on death, disqualification, resignation or removal of personal

representative; substitution of successor.

NRS 143.210           Necessary

parties to actions.

INDEPENDENT ADMINISTRATION OF ESTATES

General Provisions

NRS 143.300           Short

title.

NRS 143.305           Definitions.

NRS 143.310           “Court

supervision” defined.

NRS 143.315           “Full

authority” defined.

NRS 143.320           “Limited

authority” defined.

NRS 143.325           Applicability.

NRS 143.330           Effect

of provision in will that prohibits independent administration of estate.

NRS 143.335           Independent

administration of estate by special administrator.

NRS 143.340           Personal

representative required to petition for full or limited authority to administer

estate.

NRS 143.345           Notice

of hearing on petition; persons required to receive notice; contents.

NRS 143.350           Court

required to grant requested authority; exceptions.

NRS 143.355           Amount

of bond of personal representative.

NRS 143.360           Petition

for modification or revocation of authority of personal representative; notice;

court order.

NRS 143.365           Authority

to administer estate without court supervision; request for court supervision.

NRS 143.370           Court

approval or supervision required for certain actions; exceptions.

NRS 143.375           Powers

of personal representative granted independent administration authority.

NRS 143.380           Sale

of property of estate; court confirmation of sales not required.

Powers Exercisable Only After Giving

Notice of Proposed Action

NRS 143.400           Requirements

for exercise of powers by personal representative.

NRS 143.405           Sale

or exchange of real property.

NRS 143.410           Sale

or incorporation of business or joint venture.

NRS 143.415           Abandonment

of tangible personal property.

NRS 143.420           Power

to borrow and to encumber property of estate.

NRS 143.425           Grant

of option to purchase real property of estate.

NRS 143.430           Transfer

of property to person exercising option to purchase provided in will.

NRS 143.435           Conveyance

or transfer of real or personal property under certain circumstances.

NRS 143.440           Determination

of claims to property.

NRS 143.445           Disclaimers.

NRS 143.450           Preliminary

distributions authorized under certain circumstances.

NRS 143.455           Actions

concerning claims by, for the benefit of, or against the estate.

NRS 143.460           Commencement

and defense of certain actions and proceedings.

NRS 143.465           Modification

of terms of obligation to or in favor of decedent.

 

Powers the Exercise of Which Require Giving Notice of Proposed

Action Under Certain Circumstances

NRS 143.500           Exercise

of powers by personal representative; exceptions.

NRS 143.505           Management

and control of estate property.

NRS 143.510           Power

to enter contracts without notice; exception.

NRS 143.515           Deposit

and investment of money of estate.

NRS 143.520           Continuation

of partnership or other business.

NRS 143.525           Payment

of family allowance.

NRS 143.530           Lease

of property of estate.

NRS 143.535           Sale

or exchange of personal property.

NRS 143.540           Grant

of exclusive right to sell property.

Powers Exercisable Without Giving Notice

of Proposed Action

NRS 143.600           Exercise

of powers by personal representative.

NRS 143.605           Additional

powers of personal representative.

NRS 143.610           Conveyance

or transfer of property under certain circumstances.

NRS 143.615           Payment

of taxes, assessments and expenses.

NRS 143.620           Purchase

of annuity under certain circumstances.

NRS 143.625           Exercise

of option.

NRS 143.630           Purchase

of securities or commodities to perform incomplete contract of sale.

NRS 143.635           Holding

securities in name of nominee or in any other form for certain purposes.

NRS 143.640           Exercise

of security subscription or conversion rights.

NRS 143.645           Repairs

and improvements to property of estate.

NRS 143.650           Acceptance

of deed or deed of trust in lieu of foreclosure or trustee’s sale.

NRS 143.655           Partial

satisfaction of mortgage or partial reconveyance under deed of trust.

Procedures Relating to Notice of

Proposed Action

NRS 143.700           Circumstances

pursuant to which notice of proposed action is required or authorized.

NRS 143.705           Persons

to whom notice of proposed action is required to be given.

NRS 143.710           Consent

to proposed action.

NRS 143.715           Waiver

of notice for particular proposed action; general waiver of notice of proposed

action.

NRS 143.720           Revocation

of consent to proposed action or waiver of notice of proposed action.

NRS 143.725           Contents

of notice of proposed action.

NRS 143.730           Requirements

for delivery of notice of proposed action.

NRS 143.735           Objection

to proposed action; requirements for delivery; form; notice of objection to

personal representative.

NRS 143.740           Restraining

order prohibiting proposed action without court supervision; notice of

restraining order to personal representative.

NRS 143.745           Court

authorization or confirmation required if personal representative receives

notice of objection or of restraining order.

NRS 143.750           Effect

of failure to object to proposed action; court review of action by personal

representative under certain circumstances.

NRS 143.755           Failure

of personal representative to comply with certain requirements; validity of

actions taken without such compliance.

NRS 143.760           Court

authorized to remove personal representative from office under certain

circumstances.

Forms

NRS 143.800           Letters

testamentary or letters of administration.

NRS 143.805           Notice

of proposed action.

NRS 143.810           Objection

to proposed action.

NRS 143.815           Consent

to proposed action.

_________

ADMINISTRATION OF ESTATES GENERALLY

      NRS 143.010  Multiple personal representatives: Effect of absence or

disability; sufficiency of acts of majority.  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, and if there are more than two, the acts of a majority are sufficient.

      [Part 44:107:1941; 1931 NCL § 9882.44]—(NRS A 1999, 2289)

      NRS 143.020  Right to possession of decedent’s property.  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 devisees, and shall make a reasonable effort

to keep in good tenantable repair all houses, buildings and appurtenances

thereon which are under the control of the personal representative.

      [106:107:1941; 1931 NCL § 9882.106]—(NRS A 1999, 2290; 2009, 1665)

      NRS 143.030  Duty to take possession of estate and collect debts; exception

for certain assets held by guardian.

      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 possession of the personal

representative shall be deemed the possession of the heirs or devisees. The

possession of heirs or devisees is subject, however, to the possession of the

personal representative for all other purposes.

      3.  A personal representative shall not

take into possession any assets held by a guardian of the decedent pursuant to chapter 159 of NRS until the guardianship is

terminated according to the provisions of NRS

159.1905 or 159.191 and the

guardian is ordered to distribute the assets to the personal representative.

      [191:107:1941; 1931 NCL § 9882.191]—(NRS A 1999, 2290; 2009, 1665)

      NRS 143.035  Duty to use reasonable diligence; report required if estate not

closed within certain times; hearing and determinations by court.

      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.  A personal representative in charge of

an estate that has not been closed shall:

      (a) Within 6 months after the personal

representative’s appointment, where no federal estate tax return is required to

be filed for the estate; or

      (b) Within 15 months after the personal

representative’s appointment, where a federal estate tax return is required to

be filed for the estate,

Ê file with

the court a report explaining why the estate has not been closed.

      3.  Upon receiving the report, the clerk

shall set a time and place for a hearing of the report. The personal

representative shall send a copy of the report and shall give notice of the

hearing, for the period and in the manner provided in NRS 155.010, to:

      (a) Each person whose interest is affected as an

heir or devisee; and

      (b) The Department of Health and Human Services,

if the Department has filed a claim against the estate.

      4.  At the hearing, the court shall

determine whether or not the personal representative has used reasonable

diligence in the administration of the estate, and if the personal

representative has not, the court may:

      (a) Subject to the provisions of NRS 143.037:

             (1) Prescribe the time within which the

estate must be closed; or

             (2) Allow the personal representative

additional time for closing and order a subsequent report; or

      (b) Revoke the letters of the personal

representative, appoint a successor and prescribe a reasonable time within

which the successor shall close the estate.

      (Added to NRS by 1975, 1765; A 1997, 336; 1999, 2290; 2003, 880)

      NRS 143.037  Duty to close estate within 18 months after appointment;

exceptions.

      1.  Except

as otherwise provided in this section, a personal representative shall close an

estate within 18 months after appointment.

      2.  If

a claim against the estate is in litigation or in summary determination

pursuant to subsection 5 of NRS 145.060

or subsection 2 of NRS 147.130 or the

amount of federal estate tax has not been determined, the court, upon petition

of a devisee, creditor or heir, shall order that:

      (a) A

certain amount of money, or certain other assets, be retained by the personal

representative to:

             (1) Satisfy

the claim or tax; and

             (2) Pay

any fees or costs related to the claim or tax, including fees for appraisals,

attorney’s fees and court costs; and

      (b) The

remainder of the estate be distributed.

      3.  If

a contest of the will or a proceeding to determine heirship is pending, the

court which appointed the personal representative:

      (a) Shall

order that a certain amount of money, or certain other assets, be retained and

the remainder of the estate distributed; or

      (b) May, for good cause shown, order that the

entire distributable estate be retained pending disposition of the contest or

proceeding.

      (Added to NRS by 1997, 335; A 1999, 2291; 2001, 2344)

      NRS 143.040  Rights of surviving partner.

      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 surviving partner shall proceed to

settle the affairs of the partnership without delay, and shall account to the

personal representative and pay over such balance as may be, from time to time,

payable to the estate of the decedent.

      3.  Upon the petition of the personal

representative, the court may, whenever it may appear necessary, order the

surviving partner to render an accounting, and in case of neglect or refusal,

may, after notice, compel it by any lawful process, and the personal

representative may maintain against the surviving partner any action which the

decedent could have maintained.

      4.  Upon any sale of a partnership

interest, the surviving partner may be a bidder.

      [Part 195:107:1941; 1931 NCL § 9882.195]—(NRS A 1999, 2291)

      NRS 143.050  Continuing business of

decedent.  Except as otherwise

provided in NRS 143.520, after notice given as

provided in NRS 155.010 or in such

other manner as the court directs, the court may authorize the personal

representative to continue the operation of the decedent’s business to such an

extent and subject to such restrictions as may seem to the court to be for the

best interest of the estate and any interested persons.

      [Part 195:107:1941; 1931 NCL § 9882.195]—(NRS A 1975,

1766; 1999,

2292; 2011,

1454)

      NRS 143.060  Extent of power to sue and be sued.  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 by

or against the decedent.

      [192:107:1941; 1931 NCL § 9882.192]—(NRS A 1999, 2292)

      NRS 143.065  Statute of limitations for cause of action of decedent.  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 year unless the running of the statute

is tolled under other law.

      (Added to NRS by 1999, 2289; A 2003, 2510)

      NRS 143.070  Actions by personal representative for conversion or trespass.

      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.

      [193:107:1941; 1931 NCL § 9882.193]—(NRS A 1999, 2292)

      NRS 143.080  Actions against personal representative for conversion or

trespass.  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.

      [194:107:1941; 1931 NCL § 9882.194]—(NRS A 1999, 2292)

      NRS 143.090  Action on bond of former personal representative.  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.

      [196:107:1941; 1931 NCL § 9882.196]—(NRS A 1999, 2292)

      NRS 143.100  Action for conversion before letters granted.  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 of the estate.

      [107:107:1941; 1931 NCL § 9882.107]—(NRS A 1999, 2292; 2007, 895)

      NRS 143.110  Procedure when conversion alleged: Citation; examination;

allowance of necessary expenses.

      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, conveyances, bonds, contracts or other

writings which contain evidence of, or tend to disclose the right, title or

interest of the decedent in or to any real or personal property, or any claim

or demand, or any last will of the decedent, the court may cause that person to

be cited to appear before the court to answer, upon oath, upon the matter of

the petition.

      2.  If the person is not in the county

where letters have been granted, the person may be cited and examined either

before the court of the county where the person may be found, or before the

court issuing the citation. If the person appears, and is found innocent, his

or her necessary expenses must be allowed out of the estate.

      [108:107:1941; 1931 NCL § 9882.108]—(NRS A 1999, 2293)

      NRS 143.120  Procedure when conversion alleged: Commitment for refusal to

appear for examination; order requiring delivery of property to personal

representative.

      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 that

the person has concealed, converted, smuggled, conveyed away, or in any manner

disposed of any money, goods or chattels of the decedent, or that the person

has possession or control of any deeds, conveyances, bonds, contracts or other

writings which contain evidence of, or tend to disclose the right, title,

interest or claim of the decedent to any real or personal property, claim or

demand, or any last will of the decedent, the court may enter an order

requiring the person to deliver any such property or effects to the personal representative

at such time as the court may fix. If the person fails to comply with the

order, the court may commit the person to the county jail until the order is

complied with or the person is discharged according to law.

      3.  The order of the court for the delivery

of the property is prima facie evidence of the right of the personal

representative to the property in any action that may be brought for its

recovery, and any judgment recovered must be for treble damages equal to three

times the value of the property.

      4.  In addition to the examination of the

party, witnesses may be produced and examined on either side.

      [109:107:1941; 1931 NCL § 9882.109]—(NRS A 1999, 2293; 2003, 2511)

      NRS 143.130  Accounting by person holding assets of estate for personal

representative; penalty for failure or refusal to comply with order.  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 the estate which have come

into the possession of the person in trust for the personal representative. If

the person so cited fails or refuses to appear and render the accounting, the

court may proceed against the person as provided in NRS

143.120.

      [110:107:1941; 1931 NCL § 9882.110]—(NRS A 1999, 2294)

      NRS 143.140  Discharging debtor of estate, compromising claims and renewing

obligations: Procedure.

      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.

      2.  A compromise may also be authorized by

the court when it appears to be just and for the best interest of the estate.

      3.  The court may also authorize the

personal representative, on such terms and conditions as may be approved by it,

to extend or renew, or in any manner modify the terms of, any obligation owing

to or running in favor of the decedent or the estate of the decedent.

      4.  To obtain approval or authorization the

personal representative shall file a petition showing the advantage of the

settlement, compromise, extension, renewal or modification. The clerk shall set

the petition for hearing by the court, and the petitioner shall give notice for

the period and in the manner required by NRS

155.010.

      [198:107:1941; 1931 NCL § 9882.198]—(NRS A 1999, 2294; 2011, 1454)

      NRS 143.150  Action to recover fraudulently conveyed property for benefit of

creditors.

      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, and there is a deficiency of

assets in the hands of the personal representative to pay all the expenses and

debts of the estate, the personal representative, on petition of any creditor,

shall commence and prosecute to final judgment any proper action for the

recovery of the property for the benefit of the creditors.

      2.  The personal representative may also,

for the benefit of the creditors, maintain an action for and recover all goods,

chattels, rights or credits, or their value, which may have been so

fraudulently conveyed by the decedent, whatever may have been the manner of

fraudulent conveyance.

      [199:107:1941; 1931 NCL § 9882.199]—(NRS A 1999, 2294)

      NRS 143.160  Costs; disposal of property recovered; proceeds.

      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 recovered must be

sold for the payment of debts in the same manner as prescribed in this title

for sales of real property by personal representatives.

      3.  The proceeds of all goods, chattels,

rights or credits so received, after reimbursement of costs and expenses of

litigation advanced by the creditor, must be applied in payment of debts in the

same manner as other personal property in the hands of a personal

representative.

      [200:107:1941; 1931 NCL § 9882.200] + [201:107:1941;

1931 NCL § 9882.201]—(NRS A 1999, 2295)

      NRS 143.165  Temporary order to restrain personal representative from

performing administration, disbursement or distribution of estate: Issuance;

hearing.

      1.  On petition of an interested person,

the court by temporary order may restrain a personal representative from

performing specified acts of administration, disbursement or distribution, or

exercising any powers or discharging any duties of the office, or enter any

other order to secure proper performance of the duties of the office, if it

appears to the court that the personal representative otherwise may take some

action that would jeopardize unreasonably the interest of the petitioner or of

some other interested person. A person with whom the personal representative

may transact business may be made a party to the temporary order.

      2.  The matter must be set for hearing

within 10 days after entry of the temporary order unless the parties otherwise

agree. Notice as the court directs must be given by the petitioner to the

personal representative and the attorney of record of the personal

representative, if any, and to any other party named as a party in the

temporary order.

      (Added to NRS by 1997, 1485; A 1999, 2295)

      NRS 143.170  Purchase of property of estate by personal representative.  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.

      [190:107:1941; 1931 NCL § 9882.190]—(NRS A 1999, 2295; 2001, 2345)

      NRS 143.175  Power to make certain investments.

      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 property.

      2.  A personal representative may, without

prior approval of the court, invest the property of the estate in:

      (a) Savings accounts in a bank, credit union or

savings and loan association in this State, to the extent that the deposit is

insured by the Federal Deposit Insurance Corporation, the National Credit Union

Share Insurance Fund or a private insurer approved pursuant to NRS 678.755;

      (b) Interest-bearing obligations of, or fully

guaranteed by, the United States;

      (c) Interest-bearing obligations of the United

States Postal Service or the Federal National Mortgage Association;

      (d) Interest-bearing obligations of this State or

of a county, city or school district of this State;

      (e) Money-market mutual funds that are invested

only in obligations listed in paragraphs (a) to (d), inclusive; or

      (f) Any other investment authorized by the will

of the decedent.

      (Added to NRS by 1975, 1766; A 1999, 1458, 2295; 2001, 91; 2011, 1454)

      NRS 143.180  Power to make loans, advances of credit and other investments

insured by Federal Housing Administrator; validation of loans, advances of

credit and purchases of obligations made before October 1, 1999.

      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 such

insurance.

      (b) Make such loans secured by mortgage on real

property as are eligible for insurance by the Federal Housing Administrator,

and obtain such insurance.

      (c) Purchase, invest in, and dispose of notes or

bonds secured by mortgage insured by the Federal Housing Administrator,

securities of national mortgage associations, and debentures issued by the

Federal Housing Administrator.

      2.  No law of this State prescribing the

nature, amount or form of security or requiring security upon which loans or

advances of credit may be made, or prescribing or limiting interest rates upon

loans or advances of credit, or prescribing or limiting the period for which

loans or advances of credit may be made, applies to loans, advances of credit

or purchases made pursuant to subsection 1.

      3.  All above-described loans, advances of

credit, and purchases of obligations made and insured pursuant to the terms of

the National Housing Act before October 1, 1999, are hereby validated and

confirmed.

      [Part 1:58:1935; A 1937, 147; 1939, 43; 1931 NCL §

3652.01] + [Part 2:58:1935; 1931 NCL § 3652.02] + [3:58:1935; 1931 NCL §

3652.03]—(NRS A 1999,

2296)

      NRS 143.185  Power to invest in farm

loan bonds and other obligations issued by federal land banks and banks for

cooperatives.  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 1012, inclusive, and §§ 1021 to 1129, inclusive, and the Farm

Credit Act of 1971, 12 U.S.C. §§ 2001 et seq., as amended; and

      2.  Bonds, debentures, consolidated

debentures and other obligations issued by banks for cooperatives under the

authority of the Farm Credit Act of 1933, formerly 12 U.S.C. §§ 1131 to 1138e,

inclusive, and the Farm Credit Act of 1971, 12 U.S.C. §§ 2001 et seq., as

amended.

      (Added to NRS by 1959, 33; A 1973, 1088; 1991, 461; 1999, 2297)

      NRS 143.187  Power to hold stock in name of nominee; personal liability of

personal representative.

      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 holding and the facts regarding it; and

      (b) The nominee deposits with the personal

representative a signed statement of the true interest of the personal

representative.

      2.  A personal representative is personally

liable for any loss to the estate resulting from any act of the nominee in

connection with stock so held.

      (Added to NRS by 1961, 471; A 1999, 2297)

      NRS 143.188  Power to direct termination of certain electronic or digital

accounts or assets.

      1.  Except as otherwise provided in

subsection 2, subject to such restrictions as may be prescribed in the will of

a decedent or by an order of a court of competent jurisdiction, a personal

representative has the power to direct the termination of any account of the

decedent, including, without limitation:

      (a) An account on any:

             (1) Social networking Internet website;

             (2) Web log service Internet website;

             (3) Microblog service Internet website;

             (4) Short message service Internet

website; or

             (5) Electronic mail service Internet

website; or

      (b) Any similar electronic or digital asset of

the decedent.

      2.  The provisions of subsection 1 do not

authorize a personal representative to direct the termination of any financial

account of the decedent, including, without limitation, a bank account or

investment account.

      3.  The act by a personal representative to

direct the termination of any account or asset of a decedent pursuant to

subsection 1 does not invalidate or abrogate any conditions, terms of service

or contractual obligations the holder of such an account or asset has with the

provider or administrator of the account, asset or Internet website.

      (Added to NRS by 2013, 1524)

      NRS 143.190  Cumulative method of service of process on personal

representative; written statement containing permanent address of personal

representative to be filed with clerk.

      1.  Before letters are delivered to a

personal representative, the personal representative shall file with the county

clerk of the county in which the administration of the estate is pending a

written statement containing the name and permanent address of the personal

representative. The permanent address may, from time to time, be changed by

filing with the county clerk a written statement giving the changed address.

The permanent address shall be deemed to be that contained in the last

statement so filed by the personal representative.

      2.  The taking of his or her oath of office

by a personal representative constitutes an appointment of the county clerk of

the county in which the administration of the estate is pending to be the true

and lawful attorney, upon whom all legal process in any action or proceeding

against the personal representative may be served, with the same legal force

and effect as if served upon the personal representative personally within the

State of Nevada.

      3.  Service of process may be made by

mailing by registered or certified mail a copy of the process, and if the

process is a summons, there must be attached thereto a copy of the complaint

certified by the clerk or the plaintiff’s attorney, directly to the personal

representative at the address contained in the statement filed with the clerk.

This service is sufficient personal service upon the personal representative if

proof of the service is filed with the clerk.

      4.  The court in which the action is

pending may order such continuances as may be necessary to afford the personal

representative reasonable opportunity to defend the action.

      5.  The foregoing method of service is

cumulative, and does not prevent the personal service of process upon the

personal representative within the State of Nevada.

      [324:107:1941; 1931 NCL § 9882.324]—(NRS A 1969, 95;

1983, 262; 1999,

2297)

      NRS 143.200  Actions not to abate on death, disqualification, resignation or

removal of personal representative; substitution of successor.  No action to which a personal representative

is a party abates by reason of the death, disqualification, resignation or

removal of the personal representative, but the person who is appointed,

qualifies and is acting as the successor must, upon motion, be substituted as a

party to the action.

      [325:107:1941; 1931 NCL § 9882.325]—(NRS A 1999, 2298)

      NRS 143.210  Necessary parties to actions.  In

actions brought by or against personal representatives, it is not necessary to

join those as parties who have not qualified.

      [197:107:1941; 1931 NCL § 9882.197]—(NRS A 1999, 2298)

INDEPENDENT ADMINISTRATION OF ESTATES

General Provisions

      NRS 143.300  Short title.  NRS 143.300 to 143.815,

inclusive, may be cited as the Independent Administration of Estates Act.

      (Added to NRS by 2011, 1437)

      NRS 143.305  Definitions.  As

used in NRS 143.300 to 143.815,

inclusive, unless the context otherwise requires, the words and terms defined

in NRS 143.310, 143.315

and 143.320 have the meanings ascribed to them in

those sections.

      (Added to NRS by 2011, 1437)

      NRS 143.310  “Court supervision” defined.  “Court

supervision” means the judicial order, authorization, approval, confirmation or

instructions that would be required if authority to administer the estate had

not been granted pursuant to NRS 143.300 to 143.815, inclusive.

      (Added to NRS by 2011, 1437)

      NRS 143.315  “Full authority” defined.  “Full

authority” means the authority to administer the estate pursuant to NRS 143.300 to 143.815,

inclusive, that includes all the powers granted pursuant to NRS 143.300 to 143.815,

inclusive.

      (Added to NRS by 2011, 1437)

      NRS 143.320  “Limited authority” defined.  “Limited

authority” means authority to administer the estate pursuant to NRS 143.300 to 143.815,

inclusive, that includes all the powers granted pursuant to NRS 143.300 to 143.815,

inclusive, except the power to do any of the following:

      1.  Sell real property.

      2.  Exchange real property.

      3.  Grant an option to purchase real

property.

      4.  Borrow money with the loan secured by

an encumbrance upon real property.

      (Added to NRS by 2011, 1437)

      NRS 143.325  Applicability.  The

provisions of NRS 143.300 to 143.815,

inclusive, apply in any case where authority to administer the estate is

granted pursuant to NRS 143.300 to 143.815, inclusive.

      (Added to NRS by 2011, 1437)

      NRS 143.330  Effect of provision in will that prohibits independent

administration of estate.  The

personal representative may not be granted authority to administer the estate

pursuant to NRS 143.300 to 143.815,

inclusive, if the decedent’s will provides that the estate must not be

administered pursuant to NRS 143.300 to 143.815, inclusive.

      (Added to NRS by 2011, 1437)

      NRS 143.335  Independent administration of estate by special administrator.  A special administrator may be granted

authority to administer the estate pursuant to NRS

143.300 to 143.815, inclusive, if the special

administrator is appointed with, or has been granted, the powers of a general

personal representative.

      (Added to NRS by 2011, 1437)

      NRS 143.340  Personal representative required to petition for full or limited

authority to administer estate.

      1.  To obtain authority to administer the

estate pursuant to NRS 143.300 to 143.815, inclusive, the personal representative must

petition the court for that authority in a petition for appointment of the

personal representative or in a separate petition filed in the estate

proceedings.

      2.  The personal representative may request

either of the following:

      (a) Full authority to administer the estate

pursuant to NRS 143.300 to 143.815,

inclusive; or

      (b) Limited authority to administer the estate

pursuant to NRS 143.300 to 143.815,

inclusive.

      (Added to NRS by 2011, 1437)

      NRS 143.345  Notice of hearing on petition; persons required to receive

notice; contents.

      1.  If the authority to administer the

estate pursuant to NRS 143.300 to 143.815, inclusive, is requested in a petition for

appointment of the personal representative, notice of the hearing on the

petition must be given for the period and in the manner applicable to the

petition for appointment.

      2.  Where proceedings for the

administration of the estate are pending at the time a petition is filed

pursuant to NRS 143.340, notice of the hearing on

the petition must be given for the period and in the manner provided in NRS 155.010 to all the following persons:

      (a) Each person specified in NRS 155.010;

      (b) Each known heir whose interest in the estate

would be affected by the petition;

      (c) Each known devisee whose interest in the

estate would be affected by the petition; and

      (d) Each person named as personal representative

in the will of the decedent.

      3.  The notice of hearing of the petition

for authority to administer the estate pursuant to NRS

143.300 to 143.815, inclusive, whether included

in the petition for appointment or in a separate petition, must include a

statement in substantially the following form:

 

       The petition requests

authority to administer the estate under the Independent Administration of

Estates Act. This will avoid the need to obtain court approval for many actions

taken in connection with the estate. However, before taking certain actions,

the personal representative will be required to give notice to interested

persons unless they have waived notice or have consented to the proposed

action. Independent administration authority will be granted unless good cause

is shown why it should not be.

 

      (Added to NRS by 2011, 1437)

      NRS 143.350  Court required to grant requested authority; exceptions.

      1.  Except as otherwise provided in

subsection 2, unless an interested person objects in writing at or before the

hearing to the granting of authority to administer the estate pursuant to NRS 143.300 to 143.815,

inclusive, and the court determines that the interested person has shown good

cause why the authority to administer the estate under those provisions should

not be granted, the court shall grant the requested authority.

      2.  If the interested person has shown good

cause why only limited authority should be granted, the court shall grant

limited authority.

      (Added to NRS by 2011, 1438)

      NRS 143.355  Amount of bond of personal representative.

      1.  If the personal representative is

otherwise required to file a bond and has full authority, the court shall fix

the amount of the bond at not more than the estimated value of the personal

property, the estimated value of the decedent’s interest in the real property

authorized to be sold pursuant to NRS 143.300 to 143.815, inclusive, and the probable annual gross

income of the estate or, if the bond is to be given by personal sureties, at

not less than twice that amount.

      2.  If the personal representative is

otherwise required to file a bond and has limited authority, the court shall

fix the amount of the bond at not more than the estimated value of the personal

property and the probable annual gross income of the estate or, if the bond is

to be given by personal sureties, at not less than twice that amount.

      (Added to NRS by 2011, 1438)

      NRS 143.360  Petition for modification or revocation of authority of personal

representative; notice; court order.

      1.  Any interested person may file a

petition requesting that the court make either of the following orders:

      (a) An order revoking the authority of the

personal representative to continue administration of the estate pursuant to NRS 143.300 to 143.815,

inclusive; or

      (b) An order revoking the full authority of the

personal representative to administer the estate pursuant to NRS 143.300 to 143.815,

inclusive, and granting the personal representative limited authority to

administer the estate pursuant to NRS 143.300 to 143.815, inclusive.

      2.  The petition must set forth the basis

for the requested order.

      3.  The petitioner shall give notice for

the period and in the manner provided in NRS

155.010.

      4.  If the court determines that good cause

has been shown, the court shall make an order revoking the authority of the

personal representative to continue administration of the estate pursuant to NRS 143.300 to 143.815,

inclusive. Upon the making of the order, new letters must be issued without the

authority to act pursuant to NRS 143.300 to 143.815, inclusive.

      5.  If the personal representative was

granted full authority and the court determines that good cause has been shown,

the court shall make an order revoking the full authority and granting the

personal representative limited authority. Upon the making of the order, new

letters must be issued indicating whether the personal representative is

authorized to act pursuant to NRS 143.300 to 143.815, inclusive, and, if so authorized, whether the

independent administration authority includes or excludes the power to do any

of the following:

      (a) Sell real property;

      (b) Exchange real property;

      (c) Grant an option to purchase real property; or

      (d) Borrow money with the loan secured by an

encumbrance upon real property.

      (Added to NRS by 2011, 1438)

      NRS 143.365  Authority to administer estate without court supervision;

request for court supervision.

      1.  Subject to the limitations and

conditions of NRS 143.300 to 143.815,

inclusive, a personal representative who has been granted authority to

administer the estate pursuant to NRS 143.300 to 143.815, inclusive, may administer the estate as

provided pursuant to NRS 143.300 to 143.815, inclusive, without court supervision, but in

all other respects, the personal representative shall administer the estate in

the same manner as a personal representative who has not been granted authority

to administer the estate pursuant to NRS 143.300 to

143.815, inclusive.

      2.  Notwithstanding the provisions of

subsection 1, the personal representative may obtain court supervision of any

action to be taken by the personal representative during administration of the

estate.

      (Added to NRS by 2011, 1439)

      NRS 143.370  Court approval or supervision required for certain actions;

exceptions.

      1.  Notwithstanding any provision of NRS 143.300 to 143.815,

inclusive, to the contrary, whether the personal representative has been

granted limited authority or full authority, a personal representative who has

obtained authority to administer the estate pursuant to NRS

143.300 to 143.815, inclusive, is required to

obtain court approval for any of the following actions:

      (a) Allowance of the personal representative’s

compensation;

      (b) Allowance of compensation of the attorney for

the personal representative;

      (c) Settlement of accounts;

      (d) Preliminary and final distributions and

discharge;

      (e) Sale of property of the estate to the

personal representative or to the attorney for the personal representative;

      (f) Exchange of property of the estate for

property of the personal representative or for property of the attorney for the

personal representative;

      (g) Grant of an option to purchase property of

the estate to the personal representative or to the attorney for the personal

representative;

      (h) Allowance, payment or compromise of a claim

of the personal representative, or the attorney for the personal

representative, against the estate;

      (i) Compromise or settlement of a claim, action

or proceeding by the estate against the personal representative or against the

attorney for the personal representative;

      (j) Extension, renewal or modification of the

terms of a debt or other obligation of the personal representative, or the

attorney for the personal representative, owing to or in favor of the decedent

or the estate; and

      (k) Any transaction described in this section

that would indirectly benefit the personal representative, a relative of the

personal representative, the attorney for the personal representative or the

attorney for a relative of the personal representative.

      2.  Notwithstanding any provision of NRS 143.300 to 143.815,

inclusive, to the contrary, a personal representative who has obtained limited

authority to administer the estate pursuant to NRS

143.300 to 143.815, inclusive, is required to

obtain court supervision for any of the following actions:

      (a) Sale of real property;

      (b) Exchange of real property;

      (c) Grant of an option to purchase real property;

and

      (d) Borrowing money with the loan secured by an

encumbrance upon real property.

      3.  Paragraphs (e) to (k), inclusive, of

subsection 1 do not apply to a transaction between the personal representative

in his or her capacity as a personal representative and the personal

representative as a person if all the following requirements are satisfied:

      (a) The personal representative is the sole

beneficiary of the estate or all the known heirs or devisees have consented to

the transaction;

      (b) The period for filing creditor claims has

expired;

      (c) No request for special notice pursuant to NRS 155.030 is on file or all persons who

filed a request for special notice have consented to the transaction; and

      (d) The claim of each creditor who filed a claim

has been paid, settled or withdrawn, or the creditor has consented to the

transaction.

      4.  As used in this section, “relative” has

the meaning ascribed to it in NRS 163.020.

      (Added to NRS by 2011, 1439)

      NRS 143.375  Powers of personal representative granted independent

administration authority.

      1.  Subject to the conditions and

limitations of NRS 143.300 to 143.815, inclusive, and to the duties and liabilities

of the personal representative, a personal representative who has been granted

authority to administer the estate pursuant to NRS

143.300 to 143.815, inclusive, has the powers

described in:

      (a) NRS 143.400 to 143.465, inclusive, with regard to powers that are

exercisable only after giving a notice of proposed action;

      (b) NRS 143.500 to 143.540, inclusive, with regard to powers the exercise

of which requires giving a notice of proposed action under certain

circumstances; and

      (c) NRS 143.600 to 143.655, inclusive, with regard to powers that are

exercisable without giving a notice of proposed action.

      2.  The will may restrict the powers that

the personal representative may exercise pursuant to NRS

143.300 to 143.815, inclusive.

      (Added to NRS by 2011, 1440)

      NRS 143.380  Sale of property of estate; court confirmation of sales not

required.

      1.  Subject to the limitations and

requirements of NRS 143.300 to 143.815, inclusive, when the personal representative

exercises the authority to sell property of the estate pursuant to NRS 143.300 to 143.815,

inclusive, the personal representative may sell the property at public auction

or private sale, and with or without notice, for cash or on credit, for such

price and upon such terms and conditions as the personal representative may

determine.

      2.  The requirements applicable to court

confirmation of sales of real property referenced in subsection 1 include,

without limitation:

      (a) Publication of the notice of sale;

      (b) Court approval of agents’ and brokers’

commissions;

      (c) The sale being not less than 90 percent of

appraised value of the real property;

      (d) An examination by the court into the

necessity for the sale of the real property, including, without limitation, any

advantage to the estate and benefit to interested persons; and

      (e) The efforts of the personal representative to

obtain the highest and best price for the property reasonably attainable.

      3.  The requirements applicable to court

confirmation of sales of real property and sales of personal property do not

apply to a sale pursuant to this section.

      (Added to NRS by 2011, 1441)

Powers Exercisable Only After Giving Notice of Proposed

Action

      NRS 143.400  Requirements for exercise of powers by personal representative.  The personal representative may exercise the

powers described in NRS 143.400 to 143.465, inclusive, only if the requirements of NRS 143.700 to 143.760,

inclusive, are satisfied.

      (Added to NRS by 2011, 1441)

      NRS 143.405  Sale or exchange of real property.  The

personal representative who has full authority has the power to sell or

exchange real property of the estate.

      (Added to NRS by 2011, 1441)

      NRS 143.410  Sale or incorporation of business or joint venture.  The personal representative who has limited

authority or full authority has the power to sell or incorporate any of the

following:

      1.  An unincorporated business or joint

venture in which the decedent was engaged at the time of the decedent’s death;

and

      2.  An unincorporated business or joint

venture which was wholly or partly owned by the decedent at the time of the decedent’s

death.

      (Added to NRS by 2011, 1441)

      NRS 143.415  Abandonment of tangible personal property.  The personal representative who has limited

authority or full authority has the power to abandon tangible personal property

where the cost of collecting, maintaining and safeguarding the property would

exceed its fair market value.

      (Added to NRS by 2011, 1441)

      NRS 143.420  Power to borrow and to encumber property of estate.

      1.  Subject to the

limitations provided in subsection 2 and NRS 143.180,

the personal representative who has limited authority or full authority has the

following powers:

      (a) The power to borrow; and

      (b) The power to place, replace, renew or extend

any encumbrance upon any property of the estate.

      2.  Only a personal representative who has

full authority has the power to borrow money with the loan secured by an

encumbrance upon real property.

      (Added to NRS by 2011, 1441)

      NRS 143.425  Grant of option to purchase real property of estate.  The personal representative who has full

authority has the power to grant an option to purchase real property of the

estate for a period within or beyond the period of administration.

      (Added to NRS by 2011, 1441)

      NRS 143.430  Transfer of property to person exercising option to purchase

provided in will.  If the will

gives a person the option to purchase real or personal property and the person

has complied with the terms and conditions stated in the will, the personal

representative who has limited authority or full authority has the power to

convey or transfer the property to the person.

      (Added to NRS by 2011, 1442)

      NRS 143.435  Conveyance or transfer of real or personal property under

certain circumstances.  The

personal representative who has limited authority or full authority has the

power to convey or transfer real or personal property to complete a contract

entered into by the decedent to convey or transfer the property.

      (Added to NRS by 2011, 1442)

      NRS 143.440  Determination of claims to property.  The

personal representative who has limited authority or full authority has the

power to allow, compromise or settle any of the following:

      1.  A third-party claim to real or personal

property if the decedent died in possession of, or holding title to, the

property; or

      2.  The decedent’s claim to real or personal

property, title to or possession of which is held by another.

      (Added to NRS by 2011, 1442)

      NRS 143.445  Disclaimers.  The

personal representative who has limited authority or full authority has the

power to make a disclaimer.

      (Added to NRS by 2011, 1442)

      NRS 143.450  Preliminary distributions authorized under certain

circumstances.  If the time for

filing creditor claims has expired and it appears that the distribution may be

made without loss to creditors or injury to the estate or any interested

person, the personal representative who has limited authority or full authority

has the power to make preliminary distributions of the following:

      1.  Income received during administration

to the persons entitled thereto pursuant to the decedent’s will or by intestate

succession.

      2.  Household furniture and furnishings,

motor vehicles, clothing, jewelry and other tangible articles of a personal

nature to the persons entitled to the property under the decedent’s will, not

to exceed an aggregate fair market value to all persons of $50,000 computed

cumulatively through the date of distribution. Fair market value must be

determined on the basis of the inventory and appraisal.

      3.  Cash to general pecuniary devisees

entitled to it under the decedent’s will, not to exceed $10,000 to any one

person.

      (Added to NRS by 2011, 1442)

      NRS 143.455  Actions concerning claims by, for the benefit of, or against the

estate.  The personal

representative who has limited authority or full authority has the power to do

all the following:

      1.  Allow, pay, reject or contest any claim

by or against the estate.

      2.  Compromise or settle a claim, action or

proceeding by or for the benefit of, or against, the decedent, the personal

representative or the estate.

      3.  Release, in whole or in part, any claim

belonging to the estate to the extent that the claim is uncollectible.

      4.  Allow a claim to be filed after the

expiration of the time for filing the claim.

      (Added to NRS by 2011, 1442)

      NRS 143.460  Commencement and defense of certain actions and proceedings.  The personal representative who has limited

authority or full authority has the power to do all the following:

      1.  Commence and maintain actions and

proceedings for the benefit of the estate.

      2.  Defend actions and proceedings against

the decedent, the personal representative or the estate.

      (Added to NRS by 2011, 1442)

      NRS 143.465  Modification of terms of obligation to or in favor of decedent.  The personal representative who has limited

authority or full authority has the power to extend, renew or in any manner

modify the terms of an obligation owing to or in favor of the decedent or the

estate.

      (Added to NRS by 2011, 1442)

Powers the Exercise of Which Require Giving

Notice of Proposed Action Under Certain Circumstances

      NRS 143.500  Exercise of powers by personal representative; exceptions.  Except as otherwise provided in NRS 143.500 to 143.540,

inclusive, the personal representative who has limited authority or full

authority may exercise the powers described in NRS

143.500 to 143.540, inclusive, without giving

notice of the proposed action pursuant to NRS 143.700

to 143.760, inclusive.

      (Added to NRS by 2011, 1443)

      NRS 143.505  Management and control of estate property.

      1.  The personal representative who has

limited authority or full authority has the power to manage and control

property of the estate, including making allocations and determinations

pursuant to NRS 164.780 to 164.925, inclusive. Except as otherwise

provided in subsection 2, such a personal representative may exercise this

power without giving notice of the proposed action pursuant to NRS 143.700 to 143.760,

inclusive.

      2.  The personal representative shall

comply with the requirements of NRS 143.700 to 143.760, inclusive, and shall give notice of a

proposed action in any case where a provision of NRS

143.400 to 143.450, inclusive, governing the

exercise of a specific power so requires.

      (Added to NRS by 2011, 1443)

      NRS 143.510  Power to enter contracts without notice; exception.

      1.  The personal representative who has

limited authority or full authority has the power to enter into a contract to

carry out the exercise of a specific power granted pursuant to NRS 143.300 to 143.815,

inclusive, including, without limitation, the powers granted by NRS 143.505 and 143.605.

Except as otherwise provided in subsection 2, the personal representative may

exercise this power without giving notice of the proposed action pursuant to NRS 143.700 to 143.760,

inclusive.

      2.  The personal representative shall

comply with the requirements of NRS 143.700 to 143.760, inclusive, and shall give notice of a

proposed action where the contract is one that by its provisions is not to be

fully performed within 2 years after the date the parties entered into the

contract, except that the personal representative is not required to comply

with those requirements if the personal representative has the unrestricted

right under the contract to terminate the contract within 2 years after the

date the parties entered into the contract.

      3.  Nothing in this section excuses

compliance with the requirements of NRS 143.700 to 143.760, inclusive, when the contract is made to carry

out the exercise of a specific power, and the provision that grants that power

requires compliance with NRS 143.700 to 143.760, inclusive, for the exercise of the power.

      (Added to NRS by 2011, 1443)

      NRS 143.515  Deposit and investment of money of estate.

      1.  The personal representative who has

limited authority or full authority has the power to do all the following:

      (a) Deposit money belonging to the estate in an

insured account in a financial institution in this State;

      (b) Invest money of the estate in any one or more

of the following:

             (1) Direct obligations of the United

States, or of the State of Nevada, maturing not later than 1 year after the

date of making the investment;

             (2) Savings accounts in a bank, credit

union or savings and loan association in this State, to the extent that the

deposit is insured by the Federal Deposit Insurance Corporation, the National

Credit Union Share Insurance Fund or a private insurer approved pursuant to NRS 678.755;

             (3) Interest-bearing obligations of, or

fully guaranteed by, the United States;

             (4) Interest bearing obligations of the

United States Postal Service or the Federal National Mortgage Association;

             (5) Interest-bearing obligations of this

State or of a county, city or school district of this State; or

             (6) Money-market mutual funds that are

invested only in obligations listed in subparagraphs (1) to (5), inclusive; or

      (c) Invest money of the estate in any manner

provided by the will.

      2.  The personal representative may

exercise the powers described in subsection 1 without giving notice of a

proposed action pursuant to NRS 143.700 to 143.760, inclusive.

      (Added to NRS by 2011, 1443)

      NRS 143.520  Continuation of partnership or other business.

      1.  Subject to the partnership agreement

and the applicable provisions of chapter 87

of NRS, the personal representative who has limited authority or full authority

has the power to continue as a general partner in any partnership in which the

decedent was a general partner at the time of death.

      2.  The personal representative who has

limited authority or full authority has the power to continue operation of any

of the following:

      (a) An unincorporated business or joint venture

in which the decedent was engaged at the time of the decedent’s death.

      (b) An unincorporated business or joint venture

which was wholly or partly owned by the decedent at the time of the decedent’s

death.

      3.  Except as otherwise provided in

subsection 4, the personal representative may exercise the powers described in

subsections 1 and 2 without giving notice of the proposed action pursuant to NRS 143.700 to 143.760,

inclusive.

      4.  The personal representative shall give

notice of a proposed action pursuant to NRS 143.700

to 143.760, inclusive, if the personal

representative continues as a general partner under subsection 1, or continues

the operation of any unincorporated business or joint venture under subsection

2, for a period of more than 6 months after the date on which letters are first

issued to a personal representative.

      (Added to NRS by 2011, 1444)

      NRS 143.525  Payment of family allowance.

      1.  The personal representative who has

limited authority or full authority has the power to pay a reasonable family

allowance. Except as otherwise provided in subsection 2, the personal

representative may exercise this power without giving notice of the proposed

action pursuant to NRS 143.700 to 143.760, inclusive.

      2.  The personal representative shall give

notice of a proposed action pursuant to NRS 143.700

to 143.760, inclusive, for all the following:

      (a) Making the first payment of a family

allowance.

      (b) Making the first payment of a family

allowance for a period commencing more than 12 months after the death of the

decedent.

      (c) Making any increase in the amount of the

payment of a family allowance.

      (Added to NRS by 2011, 1444)

      NRS 143.530  Lease of property of estate.

      1.  The personal representative who has

limited authority or full authority has the power to enter as lessor into a

lease of property of the estate for:

      (a) Any purpose, including, without limitation,

exploration for and production or removal of minerals, oil, gas or other

hydrocarbon substances or geothermal energy, including a community oil lease or

a pooling or unitization agreement;

      (b) A period within or beyond the period of

administration; and

      (c) Rental or royalty, or both, and upon such

other terms and conditions as the personal representative may determine.

      2.  Except as otherwise provided in

subsections 3 and 4, the personal representative may exercise this power

without giving notice of the proposed action pursuant to NRS

143.700 to 143.760, inclusive.

      3.  The personal representative shall give

notice of a proposed action pursuant to NRS 143.700

to 143.760, inclusive, where the personal

representative enters into a lease of real property for a term in excess of 1

year. If the lease gives the lessee the right to extend the term of the lease,

the lease must be considered as if the right to extend has been exercised.

      4.  The personal representative shall give

notice of a proposed action pursuant to NRS 143.700

to 143.760, inclusive, where the personal

representative enters into a lease of personal property and the lease is one

that by its provisions is not to be fully performed within 2 years after the

date the parties entered into the lease, except that the personal

representative is not required to give notice of a proposed action if the

personal representative has the unrestricted right under the lease to terminate

the lease within 2 years after the date the parties entered into the lease.

      (Added to NRS by 2011, 1444)

      NRS 143.535  Sale or exchange of personal property.

      1.  The personal representative who has

limited authority or full authority has the power to sell personal property of

the estate or to exchange personal property of the estate for other property

upon such terms and conditions as the personal representative may determine.

Except as otherwise provided in subsection 2, the personal representative shall

give notice of the proposed action pursuant to NRS

143.700 to 143.760, inclusive, in exercising

this power.

      2.  The personal representative may

exercise the power granted by subsection 1 without giving notice of the

proposed action pursuant to NRS 143.700 to 143.760, inclusive, in case of the sale or exchange of

any of the following:

      (a) A security sold on an established stock or

bond exchange;

      (b) A security designated as a national market

system security on an interdealer quotation system, or subsystem thereof, by

the National Association of Securities Dealers Automated Quotations System,

NASDAQ, sold through a broker-dealer registered under the Securities Exchange

Act of 1934, 15 U.S.C. §§ 78a et seq., during the regular course of business of

the broker-dealer;

      (c) Subscription rights for the purchase of

additional securities which are owned by the estate by reason of the estate’s

ownership in securities if those rights are sold for cash; or

      (d) Personal property which is perishable if the

property is sold for cash.

      (Added to NRS by 2011, 1445)

      NRS 143.540  Grant of exclusive right to sell property.

      1.  The personal representative who has

limited authority or full authority has the following powers:

      (a) The power to grant an exclusive right to sell

property for a period not to exceed 90 days.

      (b) The power to grant to the same broker one or

more extensions of an exclusive right to sell property, each extension being

for a period not to exceed 90 days.

      2.  Except as otherwise provided in

subsection 3, the personal representative may exercise the powers described in

subsection 1 without giving notice of the proposed action pursuant to NRS 143.700 to 143.760,

inclusive.

      3.  The personal representative shall give

notice of a proposed action pursuant to NRS 143.700

to 143.760, inclusive, where the personal

representative grants to the same broker an extension of an exclusive right to

sell property and the period of the extension, together with the periods of the

original exclusive right to sell the property and any previous extensions of

that right, is more than 270 days.

      (Added to NRS by 2011, 1445)

Powers Exercisable Without Giving Notice of Proposed

Action

      NRS 143.600  Exercise of powers by personal representative.  The personal representative who has limited

authority or full authority may exercise the powers described in NRS 143.600 to 143.655,

inclusive, without giving notice of the proposed action pursuant to NRS 143.700 to 143.760,

inclusive.

      (Added to NRS by 2011, 1446)

      NRS 143.605  Additional powers of personal representative.  In addition to the powers granted to the

personal representative pursuant to NRS 143.300 to 143.815, inclusive, the personal representative who

has limited authority or full authority has all the powers that the personal

representative could exercise without court supervision if the personal

representative had not been granted authority to administer the estate pursuant

to NRS 143.300 to 143.815,

inclusive.

      (Added to NRS by 2011, 1446)

      NRS 143.610  Conveyance or transfer of property under certain circumstances.  The personal representative who has limited

authority or full authority has the power to convey or transfer property to

carry out the exercise of a specific power granted pursuant to NRS 143.300 to 143.815,

inclusive.

      (Added to NRS by 2011, 1446)

      NRS 143.615  Payment of taxes, assessments and expenses.  The personal representative who has limited

authority or full authority has the power to pay all the following:

      1.  Taxes and assessments.

      2.  Expenses incurred in the collection,

care and administration of the estate.

      (Added to NRS by 2011, 1446)

      NRS 143.620  Purchase of annuity under certain circumstances.  The personal representative who has limited

authority or full authority has the power to purchase an annuity from an

insurer admitted to do business in this State to satisfy a devise of an annuity

or other direction in the will for periodic payments to a devisee.

      (Added to NRS by 2011, 1446)

      NRS 143.625  Exercise of option.  The

personal representative who has limited authority or full authority has the

power to exercise an option right that is property of the estate.

      (Added to NRS by 2011, 1446)

      NRS 143.630  Purchase of securities or commodities to perform incomplete

contract of sale.  The personal

representative who has limited authority or full authority has the power to

purchase securities or commodities required to perform an incomplete contract

of sale where the decedent died having sold but not delivered securities or

commodities not owned by the decedent.

      (Added to NRS by 2011, 1446)

      NRS 143.635  Holding securities in name of nominee or in any other form for

certain purposes.  The personal

representative who has limited authority or full authority has the power to

hold a security in the name of a nominee or in any other form without

disclosure of the estate, so that title to the security may pass by delivery.

      (Added to NRS by 2011, 1446)

      NRS 143.640  Exercise of security subscription or conversion rights.  The personal representative who has limited

authority or full authority has the power to exercise security subscription or

conversion rights.

      (Added to NRS by 2011, 1446)

      NRS 143.645  Repairs and improvements to property of estate.  The personal representative who has limited

authority or full authority has the power to make repairs and improvements to

real and personal property of the estate.

      (Added to NRS by 2011, 1446)

      NRS 143.650  Acceptance of deed or deed of trust in lieu of foreclosure or

trustee’s sale.  The personal

representative who has limited authority or full authority has the power to

accept a deed to property which is subject to a mortgage or deed of trust in

lieu of foreclosure of the mortgage or sale under the deed of trust.

      (Added to NRS by 2011, 1447)

      NRS 143.655  Partial satisfaction of mortgage or partial reconveyance under

deed of trust.  The personal

representative who has limited authority or full authority has the power to

give a partial satisfaction of a mortgage or to cause a partial reconveyance to

be executed by a trustee under a deed of trust held by the estate.

      (Added to NRS by 2011, 1447)

Procedures Relating to Notice of Proposed Action

      NRS 143.700  Circumstances pursuant to which notice of proposed action is

required or authorized.

      1.  A personal representative who has been

granted authority to administer the estate pursuant to NRS

143.300 to 143.815, inclusive, shall give

notice of a proposed action as provided in NRS 143.700

to 143.760, inclusive, before taking the proposed

action without court supervision if the provisions of NRS

143.365 to 143.655, inclusive, giving the

personal representative the power to take the action so require. Nothing in

this subsection authorizes a personal representative to take an action pursuant

to NRS 143.300 to 143.815,

inclusive, if the personal representative does not have the power to take the

action pursuant to those provisions.

      2.  A personal representative who has been

granted authority to administer the estate pursuant to NRS

143.300 to 143.815, inclusive, may give notice

of a proposed action as provided in NRS 143.700 to 143.760, inclusive, even if the provisions of NRS 143.365 to 143.655,

inclusive, giving the personal representative the power to take the action authorize

the personal representative to take the action without giving notice of the

proposed action. Nothing in this subsection requires the personal

representative to give notice of a proposed action where not required under

subsection 1 or authorizes a personal representative to take any action that

the personal representative is not otherwise authorized to take.

      (Added to NRS by 2011, 1447)

      NRS 143.705  Persons to whom notice of proposed action is required to be

given.  Except as otherwise

provided in NRS 143.710 and 143.715,

notice of a proposed action must be given to all the following:

      1.  Each known devisee whose interest in

the estate would be affected by the proposed action.

      2.  Each known heir whose interest in the

estate would be affected by the proposed action.

      3.  Each person who has filed a request for

special notice pursuant to NRS 155.030.

      4.  The Attorney General, at the Office of

the Attorney General in Carson City, if any portion of the estate is to escheat

to the State and its interest in the estate would be affected by the proposed

action.

      (Added to NRS by 2011, 1447)

      NRS 143.710  Consent to proposed action.  Notice

of a proposed action need not be given to any person who consents in writing to

the proposed action. The consent may be executed at any time before or after

the proposed action is taken.

      (Added to NRS by 2011, 1447)

      NRS 143.715  Waiver of notice for particular proposed action; general waiver

of notice of proposed action.

      1.  Notice of a proposed action need not be

given to any person who, in writing, waives the right to notice of a proposed

action with respect to the particular proposed action. The waiver may be

executed at any time before or after the proposed action is taken. The waiver

must describe the particular proposed action and may waive particular aspects

of the notice, such as the delivery, mailing or time requirements of NRS 143.730 or the giving of the notice in its

entirety for the particular proposed action.

      2.  Notice of a proposed action need not be

given to any person who has made either of the following:

      (a) A general waiver of the right to notice of a

proposed action.

      (b) A waiver of the right to notice of a proposed

action for all transactions of a type which includes the particular proposed

action.

      (Added to NRS by 2011, 1447)

      NRS 143.720  Revocation of consent to proposed action or waiver of notice of

proposed action.

      1.  A waiver or consent pursuant to NRS 143.710 or 143.715 may

be revoked only in writing and is effective only when the writing is received

by the personal representative.

      2.  A copy of the revocation may be filed with

the court, but the effectiveness of the revocation is not dependent upon a copy

being filed with the court.

      (Added to NRS by 2011, 1448)

      NRS 143.725  Contents of notice of proposed action.

      1.  The notice of proposed action must

state all the following:

      (a) The name and mailing address of the personal

representative.

      (b) The person and telephone number to call to get

additional information.

      (c) The action proposed to be taken, with a

reasonably specific description of the action. If the proposed action involves

the sale or exchange of real property or the granting of an option to purchase

real property, the notice of proposed action must state the material terms of

the transaction, including, if applicable, the sale price and the amount of, or

method of calculating, any commission or compensation paid or to be paid to an

agent or broker in connection with the transaction.

      (d) The date on or after which the proposed

action is to be taken.

      2.  The notice of proposed action must

include a form for objecting to the proposed action.

      (Added to NRS by 2011, 1448)

      NRS 143.730  Requirements for delivery of notice of proposed action.  The notice of proposed action must be mailed

or personally delivered to each person required to be given notice of the

proposed action not less than 15 days before the date specified in the notice

of proposed action on or after which the proposed action is to be taken. If

mailed, the notice of proposed action must be addressed to the person at the

person’s last known address. The notice of proposed action must be mailed or

delivered in the manner provided in NRS

155.010.

      (Added to NRS by 2011, 1448)

      NRS 143.735  Objection to proposed action; requirements for delivery; form;

notice of objection to personal representative.

      1.  Any person entitled to notice of a

proposed action under NRS 143.705 may object to the

proposed action as provided in this section.

      2.  The objection to the proposed action

must be made by delivering or mailing a written objection to the proposed

action to the personal representative at the address stated in the notice of

proposed action. The person objecting to the proposed action may use the form

provided in NRS 143.810 or may make the objection

in any other writing that identifies the proposed action with reasonable

certainty and indicates that the person objects to the taking of the proposed

action.

      3.  The personal representative is deemed

to have notice of the objection to the proposed action if the notice is

delivered or received at the address stated in the notice of proposed action

before:

      (a) The date specified in the notice of proposed

action on or after which the proposed action is to be taken; or

      (b) The date on which the proposed action is

actually taken,

Ê whichever

occurs later.

      (Added to NRS by 2011, 1448)

      NRS 143.740  Restraining order prohibiting proposed action without court

supervision; notice of restraining order to personal representative.

      1.  Any person who is entitled to notice of

a proposed action for a proposed action described in subsection 1 of NRS 143.700, or any person who is given notice of a

proposed action described in subsection 2 of NRS

143.700, may apply to the court having jurisdiction over the proceeding for

an order restraining the personal representative from taking the proposed

action without court supervision. The court shall grant the requested order

without requiring notice to the personal representative and without cause being

shown for the order.

      2.  The personal representative is deemed

to have notice of the restraining order if the notice is given and served upon

the personal representative in the manner provided in NRS 155.040 and 155.050, or in the manner authorized by

the court, before:

      (a) The date specified in the notice of proposed

action on or after which the proposed action is to be taken; or

      (b) The date on which the proposed action is

actually taken,

Ê whichever

occurs later.

      (Added to NRS by 2011, 1449)

      NRS 143.745  Court authorization or confirmation required if personal

representative receives notice of objection or of restraining order.

      1.  If the

proposed action is one that would require court supervision if the personal

representative had not been granted authority to administer the estate pursuant

to NRS 143.300 to 143.815,

inclusive, and the personal representative has notice of a written objection

made pursuant to NRS 143.735 or a restraining order

issued pursuant to NRS 143.740, the personal

representative shall, if the personal representative desires to take the

proposed action, petition the court to obtain approval from the court.

      2.  If the proposed action is one that

would not require court supervision even if the personal representative had not

been granted authority to administer the estate pursuant to NRS 143.300 to 143.815,

inclusive, but the personal representative has given notice of the proposed

action and has notice of a written objection made pursuant to NRS 143.735 or a restraining order issued pursuant to NRS 143.740, the personal representative shall, if he

or she desires to take the proposed action, request instructions from the court

concerning the proposed action. The personal representative may take the

proposed action only under such order as may be entered by the court.

      3.  A person who objects to a proposed

action as provided in NRS 143.735 or serves a

restraining order issued pursuant to NRS 143.740 in

the manner provided in that section must be given notice of any hearing on a

petition for court authorization or confirmation of the proposed action.

      (Added to NRS by 2011, 1449)

      NRS 143.750  Effect of failure to object to proposed action; court review of

action by personal representative under certain circumstances.

      1.  Except as otherwise provided in

subsection 3, only a person described in NRS 143.705

has a right to have the court review the proposed action after it has been

taken or otherwise to object to the proposed action after it has been taken.

Except as otherwise provided in subsections 2 and 3, a person described in NRS 143.705 waives the right to have the court review

the proposed action after it has been taken, or otherwise to object to the

proposed action after it has been taken, if:

      (a) The person has been given notice of the

proposed action, as provided in NRS 143.700 to 143.730, inclusive, and fails to object as provided in

subsection 4; or

      (b) The person has waived notice of or consented

to the proposed action as provided in NRS 143.710

and 143.715.

      2.  Unless the person has waived notice of

or consented to the proposed action as provided in NRS

143.710 and 143.715, the court may review the

action taken upon a petition filed by a person described in NRS 143.705 who establishes that he or she did not

actually receive the notice of proposed action before the time to object

pursuant to subsection 4 expired.

      3.  The court may review the action of the

personal representative upon a petition filed by an heir or devisee who

establishes all the following:

      (a) At the time notice of the proposed action was

given, the heir or devisee lacked capacity to object to the proposed action or

was a minor;

      (b) No notice of proposed action was actually

received by the guardian, conservator or other legal representative of the heir

or devisee;

      (c) The guardian, conservator or other legal

representative did not waive notice of the proposed action; and

      (d) The guardian, conservator or other legal

representative did not consent to the proposed action.

      4.  For the purposes of this section, an

objection to a proposed action is made only by one or both of the following

methods:

      (a) Delivering or mailing a written objection as

provided in NRS 143.735 within the time specified

in subsection 3 of that section; or

      (b) Serving a restraining order obtained pursuant

to NRS 143.740 in the manner prescribed and within

the time specified in subsection 2 of that section.

      (Added to NRS by 2011, 1449)

      NRS 143.755  Failure of personal representative to comply with certain

requirements; validity of actions taken without such compliance.

      1.  The failure of the personal

representative who has limited authority or full authority to comply with

subsection 1 of NRS 143.700 and with NRS 143.705, 143.725, 143.730 and 143.745, and

the taking of the action by the personal representative without such

compliance, does not affect the validity of the action so taken or the title to

any property conveyed or transferred to bona fide purchasers or the rights of

third persons who, dealing in good faith with the personal representative,

changed their position in reliance upon the action, conveyance or transfer

without actual notice of the failure of the personal representative to comply

with those provisions.

      2.  A person dealing with the personal

representative does not have any duty to inquire or investigate whether the

personal representative has complied with the provisions listed in subsection

1.

      (Added to NRS by 2011, 1450)

      NRS 143.760  Court authorized to remove personal representative from office

under certain circumstances.

      1.  In a case where notice of a proposed

action is required by NRS 143.700 to 143.760, inclusive, the court, in its discretion, may

remove the personal representative from office unless the personal

representative:

      (a) Gives notice of the proposed action as provided

in NRS 143.700 to 143.760,

inclusive;

      (b) Obtains a waiver of notice of the proposed

action as provided in NRS 143.700 to 143.760, inclusive; or

      (c) Obtains a consent to the proposed action as

provided in NRS 143.700 to 143.760,

inclusive.

      2.  The court, in its discretion, may

remove the personal representative from office if the personal representative

takes a proposed action in violation of NRS 143.745.

      (Added to NRS by 2011, 1450)

Forms

      NRS 143.800  Letters testamentary or letters of administration.  Letters testamentary or letters of

administration pursuant to the Independent Administration of Estates Act as set

forth in NRS 143.300 to 143.815,

inclusive, may be in the following form:

 

LETTERS

TESTAMENTARY / ADMINISTRATION

 

       On

.............................., 20......., the court entered an order admitting

the decedent’s will to probate and appointing

[........................................] as personal representative of the

decedent’s estate. The order includes:

 

       [ ] full

authority for the personal representative to administer the estate pursuant to

the Independent Administration of Estates Act.

 

       [ ] limited

authority to administer the estate pursuant to the Independent Administration

of Estates Act. (There is no authority, without court supervision, to: (1) sell

or exchange real property; (2) grant an option to purchase real property; or

(3) borrow money with the loan secured by an encumbrance upon real property.)

 

       [ ] a directive

for the establishment of a blocked account for sums in excess of

$....................;

 

       [ ] a directive

for the posting of a bond in the sum of $....................; or

 

       [ ] a directive

for both the establishment of a blocked account for sums in excess of

$.................... and the posting of a bond in the sum of

$.....................

 

       The personal representative,

after being duly qualified, may act and has the authority and duties of a

personal representative.

 

       In testimony of which, I have

this date signed these letters and affixed the seal of the court.

 

       CLERK OF THE COURT

       By:                                                    

       Deputy Clerk

       Date:                                                

 

OATH

 

       I,

[..............................], whose mailing address is

......................................, solemnly affirm that I will faithfully

perform according to law the duties of personal representative, and that all

matters stated in any petition or paper filed with the court by me are true of

my own knowledge or, if any matters are stated on information and belief, I

believe them to be true.

                                                                  

       [                                                           ],

Personal Representative

 

SUBSCRIBED AND AFFIRMED

before me this ........ (day) of

............, 20......

By:..................................................................

       NOTARY PUBLIC

County of .................., State

of Nevada

 

      (Added to NRS by 2011, 1450)

      NRS 143.805  Notice of proposed action.  A

notice of proposed action pursuant to the Independent Administration of Estates

Act as set forth in NRS 143.300 to 143.815, inclusive, may be in the following form:

 

NOTICE

OF PROPOSED ACTION

Independent

Administration of Estates Act

 

       1.  The personal

representative of the estate of the deceased is ...............................

       2.  The personal

representative has authority to administer the estate without court supervision

pursuant to the Independent Administration of Estates Act:

 

       [ ] with full

authority pursuant to the Independent Administration of Estates Act; or

       [ ] with limited

authority pursuant to the Independent Administration of Estates Act. (There is

no authority, without court supervision, to: (1) sell or exchange real

property; (2) grant an option to purchase real property; or (3) borrow money

with the loan secured by an encumbrance upon real property.)

 

       3.  On or after

.................................. (date), the personal representative will

take the following action without court supervision:

 

Describe in specific terms the

proposed action.

 

If the action involves the sale or

exchange of or a grant of an option to purchase real property, provide the sale

price, the amount of or method of calculating any commission or compensation of

the real estate broker and the value of the property in the probate inventory.

 

NOTICE:  A sale of real

property without court supervision means that the sale will NOT be presented to

the court for confirmation at a hearing at which higher bids for the property

may be presented and the property sold to the highest bidder.

 

       4.  If you OBJECT

to the proposed action:

       (a) Sign the objection

form provided with this Notice of Proposed Action and deliver or mail it to the

personal representative at the following address ..................................

(specify name and address);

       (b) Send your own

written objection to the address set forth in paragraph (a), identifying the

proposed action and state that you object to it; or

       (c) Apply to the court

for an order preventing the personal representative from taking the proposed

action without court supervision.

 

NOTE:  Your written

objection or the court order must be received by the personal representative

before the date indicated in item 3 or before the proposed action is taken, whichever

is later. If you object, the personal representative may take the proposed

action only under court supervision.

 

       5.  If you

approve of the proposed action, you may sign the consent form provided with

this Notice of Proposed Action and return it to the address set forth in

paragraph (a) of item 4. If you do not object in writing or obtain a court

order, you will be treated as if you consented to the proposed action.

 

       6.  If you need

more INFORMATION, call: ................................. (name) ................................

(telephone).

 

Date: ...............................................

 

      

       Personal Representative

 

      (Added to NRS by 2011, 1452)

      NRS 143.810  Objection to proposed action.  An

objection to a proposed action pursuant to the Independent Administration of

Estates Act as set forth in NRS 143.300 to 143.815, inclusive, may be in the following form:

 

OBJECTION

TO PROPOSED ACTION

 

I OBJECT to the action proposed in

item 3 of the Notice of Proposed Action.

 

NOTICE:  Sign and return

this form – all pages – to the address set forth in paragraph (a) of item 4 of

the Notice of Proposed Action. This form must be received before the date set

forth in item 3 of the Notice of Proposed Action, or before the proposed action

is taken, whichever is later. (You may want to use certified mail, with return

receipt requested. Make a copy of this form for your records.)

 

Date: .......................................................

 

       ............................................................                

       Type or print name                                                   Signature

of Objector

 

      (Added to NRS by 2011, 1453)

      NRS 143.815  Consent to proposed action.  Consent

to a proposed action pursuant to the Independent Administration of Estates Act

as set forth in NRS 143.300 to 143.815, inclusive, may be in the following form:

 

CONSENT

TO PROPOSED ACTION

 

I CONSENT to the action proposed in

item 3 of the Notice of Proposed Action.

 

NOTICE:  You may

indicate your consent by signing and returning this form – all pages – to the

address set forth in paragraph (a) of item 4 of the Notice of Proposed Action.

If you do not object in writing or obtain a court order, you will be treated as

if you consent to the proposed action.

 

Date: .......................................................

 

       ............................................................                

       Type or print name                                                   Signature

of Objector

 

      (Added to NRS by 2011, 1453)