{"data":{"id":"us-nv/nrs-143.370","jurisdiction":"us-nv","citation":"NRS 143.370","heading":"Court approval or supervision required for certain actions; exceptions.","body":"1. Notwithstanding any provision of NRS 143.300 to 143.815, inclusive, to the contrary, whether the personal representative has been granted limited authority or full authority, a personal representative who has obtained authority to administer the estate pursuant to NRS 143.300 to 143.815, inclusive, is required to obtain court approval for any of the following actions:\n(a) Allowance of the personal representative’s compensation;\n(b) Allowance of compensation of the attorney for the personal representative;\n(c) Settlement of accounts;\n(d) Preliminary and final distributions and discharge;\n(e) Sale of property of the estate to the personal representative or to the attorney for the personal representative;\n(f) Exchange of property of the estate for property of the personal representative or for property of the attorney for the personal representative;\n(g) Grant of an option to purchase property of the estate to the personal representative or to the attorney for the personal representative;\n(h) Allowance, payment or compromise of a claim of the personal representative, or the attorney for the personal representative, against the estate;\n(i) Compromise or settlement of a claim, action or proceeding by the estate against the personal representative or against the attorney for the personal representative;\n(j) Extension, renewal or modification of the terms of a debt or other obligation of the personal representative, or the attorney for the personal representative, owing to or in favor of the decedent or the estate; and\n(k) Any transaction described in this section that would indirectly benefit the personal representative, a relative of the personal representative, the attorney for the personal representative or the attorney for a relative of the personal representative.\n2. Notwithstanding any provision of NRS 143.300 to 143.815, inclusive, to the contrary, a personal representative who has obtained limited authority to administer the estate pursuant to NRS 143.300 to 143.815, inclusive, is required to obtain court supervision for any of the following actions:\n(a) Sale of real property;\n(b) Exchange of real property;\n(c) Grant of an option to purchase real property; and\n(d) Borrowing money with the loan secured by an encumbrance upon real property.\n3. Paragraphs (e) to (k), inclusive, of subsection 1 do not apply to a transaction between the personal representative in his or her capacity as a personal representative and the personal representative as a person if all the following requirements are satisfied:\n(a) The personal representative is the sole beneficiary of the estate or all the known heirs or devisees have consented to the transaction;\n(b) The period for filing creditor claims has expired;\n(c) No request for special notice pursuant to NRS 155.030 is on file or all persons who filed a request for special notice have consented to the transaction; and\n(d) The claim of each creditor who filed a claim has been paid, settled or withdrawn, or the creditor has consented to the transaction.\n4. As used in this section, “relative” has the meaning ascribed to it in NRS 163.020.","path":["TITLE 12 — WILLS AND ESTATES OF DECEASED PERSONS","CHAPTER 143 - POWERS AND DUTIES OF PERSONAL REPRESENTATIVES","INDEPENDENT ADMINISTRATION OF ESTATES","General Provisions"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-143.html#NRS143Sec370","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:33Z","sha256":"6e5ccc0bed4d456494be1b52000c7084e9f25d8cb532d5b933a092e82bbbbc31","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-143.365","next":"us-nv/nrs-143.372"},"notice":"GroundRules: Original legal text. Not legal advice."}