NRS111.789. Designation of agent; authority of agent; designation revocable.

      1.  By a writing signed by all parties, the parties may designate as agent of all parties on an account a person other than a party to the account.

      2.  Unless the terms of an agency designation provide that the authority of the agent terminates on disability or incapacity of a party, the agent’s authority survives disability and incapacity. The agent may act for a disabled or incapacitated party until the authority of the agent is terminated.

      3.  The death of the sole party or last surviving party terminates the authority of an agent.

      4.  Any designation of an agent on an account is revocable and may be superseded by a subsequent designation:

      (a) With regard to a single-party account, by the party; and

      (b) With regard to a multiple-party account, by the parties or a surviving party.

Ê Any designation of an agent is superseded by an acknowledged power of attorney, as described in chapter 162A of NRS, when a copy of that power of attorney is delivered to the financial institution.

      (Added to NRS by 2011, 1430)