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NRS 609.530 - Appointment of special guardian if court grants petition; special guardian to hold certain net earnings of minor; expiration of special guardian’s role.

NV Rev Stat § 609.530 (2019) (N/A)
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1. If the court issues an order granting a petition, the court shall immediately issue an order appointing a special guardian to receive and hold the specified amount or percentage of the net earnings of the minor to be set aside for the benefit of the minor pursuant to NRS 609.540.

2. The petitioner or a parent, custodian or guardian of the minor is not ineligible to be appointed as a special guardian pursuant to this section solely because of the interest of the petitioner, parent, custodian or guardian, as applicable, so long as that interest is fully disclosed to the court. A disclosure pursuant to this subsection must include, without limitation, whether the person has an interest:

(a) In any part of the earnings of the minor pursuant to the contract;

(b) As a party to the contract; or

(c) As an interested party to the contract or to the performance of the minor pursuant to the contract.

3. The appointment of a special guardian pursuant to this section expires on the earliest of the following dates:

(a) The date on which the contract is terminated.

(b) The date on which the minor is emancipated.

(c) The date on which the minor reaches the age of majority.

(Added to NRS by 2003, 1590)

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NRS 609.520 - Petition for approval of contract: Grounds for granting or denying petition; issuance of order granting or denying petition; effect of order.
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NRS 609.540 - Certain amount of net earnings to be set aside for minor; modification of amount to be set aside; disposition, upon termination of contract, of amount set aside.