Nevada Revised Statutes 150.280 – Closing administration
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1. If all the debts and liabilities of an estate have been paid, and the estate is in a condition to be closed, the court shall direct the payment of devises and the distribution of the estate among those entitled as provided in chapter 151 of NRS.
Terms Used In Nevada Revised Statutes 150.280
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
2. If the estate is not in a condition to be closed, the court shall direct the payment of devises and the distribution of the estate among those entitled at such time as it thereafter may be in a condition to be closed.