Nevada Revised Statutes 163.5535 – ‘Custodial account owner’ defined
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‘Custodial account owner’ means any person who:
Terms Used In Nevada Revised Statutes 163.5535
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
1. Establishes a custodial account;
2. Has the power to designate the beneficiaries or appoint the custodian of the custodial account;
3. Has the power to direct the investment, disposition or retention of any assets in the custodial account; or
4. Can name an authorized designee to perform the actions described in subsection 3.