There is a newer version
of
this Statute
2020 Nevada Revised Statutes
Chapter 153 - Administration of Trusts; Estates for Life and Years
NRS 153.050 - Accountings by life tenants and tenants for years.
Universal Citation: NV Rev Stat § 153.050 (2020)
1. If by law, or by the terms of an instrument creating a life estate or an estate for years, the tenant is required to account for use of the property of the estate, then the provisions of this chapter concerning accounting by a trustee apply to the life tenant and tenant for years and, after death, to the personal representative.
2. If no obligation to account during his or her tenancy is imposed upon the tenant, nevertheless such of the provisions of this chapter as apply to accounting by a trustee apply to the personal representatives of the tenant, to the extent of determining the residue of the estate.
[Part 245:107:1941; 1931 NCL § 9882.245] — (NRS A 1959, 513; 1999, 2352)
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
