NRS 143.187: Power to hold stock in name of nominee; personal liability of personal representative.
Where this section sits in the code
- TITLE 12 — WILLS AND ESTATES OF DECEASED PERSONS
- CHAPTER 143 - POWERS AND DUTIES OF PERSONAL REPRESENTATIVES
- ADMINISTRATION OF ESTATES GENERALLY
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.
Collected 2026-09-03T05:51:33Z. Source file · JSON