Nevada Revised Statutes 111.783 – Applicability
Current as of: 2023 | Check for updates
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The provisions of NRS 111.783 to 111.815, inclusive:
Terms Used In Nevada Revised Statutes 111.783
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiduciary: A trustee, executor, or administrator.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
- Trustee: A person or institution holding and administering property in trust.
1. Apply to accounts in financial institutions in this State for which ownership is determined under Nevada law.
2. Do not apply to:
(a) An account established for a partnership, joint venture or other organization for a business purpose;
(b) An account controlled by one or more persons as an agent or trustee for a corporation, unincorporated association or charitable or civic organization; or
(c) A fiduciary or trust account in which the relationship is established other than by the terms of the account.