Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE10 PROPERTY RIGHTS AND TRANSACTIONS |
CHAPTER111. Estates in Property; Conveyancing and Recording |
NONPROBATE TRANSFER OF PROPERTY UPON DEATH |
Accounts in Financial Institutions |
NRS111.785. Single party or multiple parties: POD designation or agency designation; governing law.
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1. An account may be for a single party or multiple parties. A multiple-party account may be with or without a right of survivorship between the parties. Subject to subsection 3 of NRS 111.795, a single-party account or a multiple-party account may have a POD designation or an agency designation, or both.
2. An account established before, on or after October 1, 2011, whether in the form prescribed in subsection 1 of NRS 111.787 or in any other form, is a single-party account or a multiple-party account, with or without right of survivorship, and with or without a POD designation or an agency designation, and is governed by NRS 111.783 to 111.815, inclusive.
(Added to NRS by 2011, 1429)