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Nevada Revised Statutes Title 12. Wills and Estates of Deceased Persons § 143.187. Power to hold stock in name of nominee; personal liability of personal representative

Current as of January 01, 2025 | Updated by Findlaw Staff

1. A personal representative holding certificates of stock in that capacity may hold the stock in the name of a nominee without mention in the stock certificate or registration books, if:

(a) The records of the personal representative and all reports and accountings the personal representative renders clearly show the holding and the facts regarding it; and

(b) The nominee deposits with the personal representative a signed statement of the true interest of the personal representative.

2. A personal representative is personally liable for any loss to the estate resulting from any act of the nominee in connection with stock so held.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 12. Wills and Estates of Deceased Persons § 143.187. Power to hold stock in name of nominee; personal liability of personal representative - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-12-wills-and-estates-of-deceased-persons/nv-rev-st-143-187/

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