LegalFix
Sign In

NRS 159A.1515 - Sale of personal property of protected minor by guardian without notice.

NV Rev Stat § 159A.1515 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

1. A guardian may sell, dispose of or authorize the immediate destruction of personal property of the protected minor without notice, and title to the property passes without confirmation by the court if:

(a) The property will depreciate in value if not disposed of promptly;

(b) The property will incur loss or expense by being kept;

(c) The property has been contaminated by vermin or biological or chemical agents and the expenses related to the decontamination of the property cause salvage to be impractical;

(d) The property constitutes an immediate threat to the public health or safety; or

(e) The handling, transfer or storage of the property might endanger public health or safety or exacerbate contamination.

2. The guardian is responsible for the actual value of the personal property unless the guardian obtains confirmation by the court of the sale.

(Added to NRS by 2017, 851)

Previous Section
NRS 159A.1505 - Periods of limitation for actions to recover or set aside sale of real property.
Next Section
NRS 159A.152 - Sale of security of protected minor by guardian.