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 |
NRS111.805. Payment of sums on deposit: Multiple-party accounts.
Latest version.
- A financial institution, on request, may pay sums on deposit in a multiple-party account to:
1. One or more of the parties, whether or not another party is disabled, incapacitated or deceased when payment is requested and whether or not the party making the request survives another party; or
2. The personal representative, if any, or, if there is none, the heirs or devisees of a deceased party if proof of death is presented to the financial institution showing that the deceased party was the survivor of all other persons named on the account as a party or beneficiary, unless the account is without right of survivorship under NRS 111.785.
(Added to NRS by 2011, 1432)