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NRS 609.550 - Limitation on minor’s ability to dispute validity of contract approved by court.

NV Rev Stat § 609.550 (2019) (N/A)
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If a contract that is otherwise valid is approved by the court by the granting of a petition, a minor may not, during his or her minority, upon reaching the age of majority or upon his or her emancipation:

1. Disaffirm the contract on the ground that the contract was entered into during his or her minority;

2. Rescind, avoid or repudiate the contract because of his or her minority;

3. Rescind, avoid or repudiate any exercise of a right or privilege pursuant to the contract because of his or her minority; or

4. Assert that a parent, custodian or guardian lacked authority to make the contract on behalf of the minor.

(Added to NRS by 2003, 1591)

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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.
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