2015 Nevada Revised Statutes
Chapter 143 - Powers and Duties of Personal Representatives
NRS 143.187 - Power to hold stock in name of nominee; personal liability of personal representative.
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.
(Added to NRS by 1961, 471; A 1999, 2297)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
