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Nevada Revised Statutes Title 55. Banks and Related Organizations § 672.160. “Multiple-party account” defined

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

1. “Multiple-party account” means:

(a) An account in the name of two or more persons, any one or more of whom may make withdrawals;

(b) An account in the name of one or more persons as trustee for one or more beneficiaries;

(c) An account established for deposit of funds of a partnership, joint venture or other association; or

(d) An account controlled by two or more persons as the duly authorized agents or trustees for a corporation, unincorporated association, charitable or civil organization or any trust, except trusts of deposits evidenced solely by the form of the deposit.

2. At least one party to a multiple-party account shall be a member of the credit union in which the account is established.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 672.160. “Multiple-party account” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-672-160/

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