2022 Nevada Revised Statutes
Chapter 159A - Guardianship of Minors
NRS 159A.154 - Place and manner of sale of personal property of protected minor; report by guardian; first right of refusal of family members.
1. The guardian may sell the personal property of a protected minor at:
(a) The residence of the protected minor; or
(b) Any other location designated by the guardian.
2. The guardian may sell the personal property only if the property is made available for inspection at the time of the sale or photographs of the personal property are posted on an appropriate auction website on the Internet.
3. Personal property may be sold for cash or upon credit.
4. Except as otherwise provided in NRS 159A.1515, a sale or disposition of any personal property of the protected minor must not be commenced until 30 days after an inventory of the property is filed with the court and a copy thereof is sent by regular mail to the persons specified in NRS 159A.034. An affidavit of mailing must be filed with the court.
5. The guardian is responsible for the actual value of the personal property unless the guardian makes a report to the court, not later than 90 days after the conclusion of the sale, showing that good cause existed for the sale and that the property was sold for a price that was not disproportionate to the value of the property.
6. The family members of the protected minor and any interested persons must be offered the first right of refusal to acquire the personal property of the protected minor at fair market value.
(Added to NRS by 2017, 851, 3918)
