Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE13 GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS |
CHAPTER159. Guardianships |
TRANSACTIONS INVOLVING REAL AND PERSONAL PROPERTY |
Sale of Personal Property |
NRS159.1515. Sale of personal property of ward by guardian without notice.
Latest version.
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1. A guardian may sell perishable property and other personal property of the ward without notice, and title to the property passes without confirmation by the court if the property:
(a) Will depreciate in value if not disposed of promptly; or
(b) Will incur loss or expense by being kept.
2. The guardian is responsible for the actual value of the personal property unless the guardian obtains confirmation by the court of the sale.
(Added to NRS by 2003, 1764)