NRS111.807. Payments of sums on deposit: Accounts with POD designation.  


Latest version.
  •   A financial institution, on request, may pay sums on deposit in an account with a POD designation to:

          1.  One or more of the parties, whether or not another party is disabled, incapacitated or deceased when the payment is requested and whether or not a party survives another party;

          2.  The beneficiary or beneficiaries, if proof of death is presented to the financial institution showing that the beneficiary or beneficiaries survived all persons named as parties; or

          3.  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.

      (Added to NRS by 2011, 1432)