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CHAPTER 143
POWERS AND DUTIES OF PERSONAL REPRESENTATIVES
NRS 143.010 Multiple personal representatives: Effect of absence or disability; sufficiency of acts of majority.
NRS 143.020 Right to possession of decedent’s property.
NRS 143.030 Duty to take possession of estate and collect debts.
NRS 143.035 Duty to use reasonable diligence; report required if estate not closed within certain times; hearing and determinations by court.
NRS 143.037 Duty to close estate within 18 months after appointment; exceptions.
NRS 143.040 Rights of surviving partner.
NRS 143.050 Continuing business of decedent.
NRS 143.060 Extent of power to sue and be sued.
NRS 143.065 Statute of limitations for cause of action of decedent.
NRS 143.070 Actions by personal representative for conversion or trespass.
NRS 143.080 Actions against personal representative for conversion or trespass.
NRS 143.090 Action on bond of former personal representative.
NRS 143.100 Action for conversion before letters granted.
NRS 143.110 Procedure when conversion alleged: Citation; examination; allowance of necessary expenses.
NRS 143.120 Procedure when conversion alleged: Commitment for refusal to appear for examination; order requiring delivery of property to personal representative.
NRS 143.130 Accounting by person holding assets of estate for personal representative; penalty for failure or refusal to comply with order.
NRS 143.140 Discharging debtor of estate, compromising claims and renewing obligations: Procedure.
NRS 143.150 Action to recover fraudulently conveyed property for benefit of creditors.
NRS 143.160 Costs; disposal of property recovered; proceeds.
NRS 143.165 Temporary order to restrain personal representative from performing administration, disbursement or distribution of estate: Issuance; hearing.
NRS 143.170 Purchase of property of estate by personal representative.
NRS 143.175 Power to make certain investments.
NRS 143.180 Power to make loans, advances of credit and other investments insured by Federal Housing Administrator; validation of loans, advances of credit and purchases of obligations made before October 1, 1999.
NRS 143.185 Power to invest in farm loan bonds and other obligations issued by federal land banks and banks for cooperatives.
NRS 143.187 Power to hold stock in name of nominee; personal liability of personal representative.
NRS 143.190 Cumulative method of service of process on personal representative; written statement containing permanent address of personal representative to be filed with clerk.
NRS 143.200 Actions not to abate on death, disqualification, resignation or removal of personal representative; substitution of successor.
NRS 143.210 Necessary parties to actions.
NRS 143.010 Multiple personal representatives: Effect of absence or disability; sufficiency of acts of majority. If there are two personal representatives, the acts of one alone are valid if the other is absent from the state, or for any cause is laboring under any legal disability, and if there are more than two, the acts of a majority are sufficient.
[Part 44:107:1941; 1931 NCL § 9882.44]—(NRS A 1999, 2289)
NRS 143.020 Right to possession of decedent’s property. Except as otherwise provided in NRS 146.010, a personal representative has a right to the possession of all the real, as well as personal, property of the decedent and may receive the rents and profits of the property until the estate is settled, or until delivered over by order of the court to the heirs or devisees, and shall make a reasonable effort to keep in good tenantable repair all houses, buildings and appurtenances thereon which are under the control of the personal representative.
[106:107:1941; 1931 NCL § 9882.106]—(NRS A 1999, 2290)
NRS 143.030 Duty to take possession of estate and collect debts.
[191:107:1941; 1931 NCL § 9882.191]—(NRS A 1999, 2290)
NRS 143.035 Duty to use reasonable diligence; report required if estate not closed within certain times; hearing and determinations by court.
(a) Within 6 months after the personal representative’s appointment, where no federal estate tax return is required to be filed for the estate; or
(b) Within 15 months after the personal representative’s appointment, where a federal estate tax return is required to be filed for the estate, file with the court a report explaining why the estate has not been closed.
3. Upon receiving the report, the clerk shall set a time and place for a hearing of the report. The personal representative shall send a copy of the report and shall give notice of the hearing, for the period and in the manner provided in NRS 155.010, to:
(a) Each person whose interest is affected as an heir or devisee; and
(b) The Department of Human Resources, if the Department has filed a claim against the estate.
4. At the hearing, the court shall determine whether or not the personal representative has used reasonable diligence in the administration of the estate, and if the personal representative has not, the court may:
(a) Subject to the provisions of NRS 143.037:
(1) Prescribe the time within which the estate must be closed; or
(2) Allow the personal representative additional time for closing and order a subsequent report; or
(b) Revoke the letters of the personal representative, appoint a successor and prescribe a reasonable time within which the successor shall close the estate.
(Added to NRS by 1975, 1765; A 1997, 336; 1999, 2290; 2003, 880)
NRS 143.037 Duty to close estate within 18 months after appointment; exceptions.
(a) A certain amount of money, or certain other assets, be retained by the personal representative to:
(1) Satisfy the claim or tax; and
(2) Pay any fees or costs related to the claim or tax, including fees for appraisals, attorney’s fees and court costs; and
(b) The remainder of the estate be distributed.
3. If a contest of the will or a proceeding to determine heirship is pending, the court which appointed the personal representative:
(a) Shall order that a certain amount of money, or certain other assets, be retained and the remainder of the estate distributed; or
(b) May, for good cause shown, order that the entire distributable estate be retained pending disposition of the contest or proceeding.
(Added to NRS by 1997, 335; A 1999, 2291; 2001, 2344)
NRS 143.040 Rights of surviving partner.
[Part 195:107:1941; 1931 NCL § 9882.195]—(NRS A 1999, 2291)
NRS 143.050 Continuing business of decedent. After notice given as provided in NRS 155.010 or in such other manner as the court directs, the court may authorize the personal representative to continue the operation of the decedent’s business to such an extent and subject to such restrictions as may seem to the court to be for the best interest of the estate and any interested persons.
[Part 195:107:1941; 1931 NCL § 9882.195]—(NRS A 1975, 1766; 1999, 2292)
NRS 143.060 Extent of power to sue and be sued. Actions for the recovery of any property, real or personal, or for the possession thereof, or to quiet title thereto, or to determine any adverse claim thereon, and all actions founded upon contracts, may be maintained by and against a personal representative in all cases in which the actions might have been maintained by or against the decedent.
[192:107:1941; 1931 NCL § 9882.192]—(NRS A 1999, 2292)
NRS 143.065 Statute of limitations for cause of action of decedent. A statute of limitations running on a cause of action belonging to a decedent, that was not barred as of the date of death, does not bar the cause of action sooner than 1 year after the death. A cause of action that, but for this section, would be barred less than 1 year after the death of the decedent is barred after 1 year unless the running of the statute is tolled under other law.
(Added to NRS by 1999, 2289; A 2003, 2510)
NRS 143.070 Actions by personal representative for conversion or trespass.
[193:107:1941; 1931 NCL § 9882.193]—(NRS A 1999, 2292)
NRS 143.080 Actions against personal representative for conversion or trespass. Any person or the personal representative has a right of action against the personal representative of a decedent who, in the lifetime of the decedent wasted, destroyed, took, carried away or converted the goods or chattels of that person, or committed any trespass on the real property of that person.
[194:107:1941; 1931 NCL § 9882.194]—(NRS A 1999, 2292)
NRS 143.090 Action on bond of former personal representative. A successor personal representative may, for the use and benefit of all interested persons, maintain an action on the bond of a former personal representative of the same estate.
[196:107:1941; 1931 NCL § 9882.196]—(NRS A 1999, 2292)
NRS 143.100 Action for conversion before letters granted. If any person, before the granting of letters, converts, takes or alienates any of the money, goods, chattels or effects of a decedent, that person is chargeable and liable to an action by the personal representative for double the value of the property so converted, taken or alienated, to be recovered for the benefit of the estate.
[107:107:1941; 1931 NCL § 9882.107]—(NRS A 1999, 2292)
NRS 143.110 Procedure when conversion alleged: Citation; examination; allowance of necessary expenses.
[108:107:1941; 1931 NCL § 9882.108]—(NRS A 1999, 2293)
NRS 143.120 Procedure when conversion alleged: Commitment for refusal to appear for examination; order requiring delivery of property to personal representative.
[109:107:1941; 1931 NCL § 9882.109]—(NRS A 1999, 2293; 2003, 2511)
NRS 143.130 Accounting by person holding assets of estate for personal representative; penalty for failure or refusal to comply with order. The court, upon the petition of a personal representative, may require any person entrusted by the personal representative with any part of the estate of the decedent to appear before the court and render on oath a full accounting of any money, goods, chattels, bonds, accounts, or other papers or effects belonging to the estate which have come into the possession of the person in trust for the personal representative. If the person so cited fails or refuses to appear and render the accounting, the court may proceed against the person as provided in NRS 143.120.
[110:107:1941; 1931 NCL § 9882.110]—(NRS A 1999, 2294)
NRS 143.140 Discharging debtor of estate, compromising claims and renewing obligations: Procedure.
[198:107:1941; 1931 NCL § 9882.198]—(NRS A 1999, 2294)
NRS 143.150 Action to recover fraudulently conveyed property for benefit of creditors.
[199:107:1941; 1931 NCL § 9882.199]—(NRS A 1999, 2294)
NRS 143.160 Costs; disposal of property recovered; proceeds.
(a) Files a petition; and
(b) Pays the costs and expense of the litigation or gives such security as the court directs.
2. All real property so recovered must be sold for the payment of debts in the same manner as prescribed in this title for sales of real property by personal representatives.
3. The proceeds of all goods, chattels, rights or credits so received, after reimbursement of costs and expenses of litigation advanced by the creditor, must be applied in payment of debts in the same manner as other personal property in the hands of a personal representative.
[200:107:1941; 1931 NCL § 9882.200] + [201:107:1941; 1931 NCL § 9882.201]—(NRS A 1999, 2295)
NRS 143.165 Temporary order to restrain personal representative from performing administration, disbursement or distribution of estate: Issuance; hearing.
(Added to NRS by 1997, 1485; A 1999, 2295)
NRS 143.170 Purchase of property of estate by personal representative. Unless approved in advance by a court after application, notice and a hearing on the matter, a personal representative shall not directly or indirectly purchase any property of the estate represented by the personal representative.
[190:107:1941; 1931 NCL § 9882.190]—(NRS A 1999, 2295; 2001, 2345)
NRS 143.175 Power to make certain investments.
(a) Invest the property of the estate, make loans and accept security therefor, in the manner and to the extent authorized by the court; and
(b) Exercise options of the estate to purchase or exchange securities or other property.
2. A personal representative may, without prior approval of the court, invest the property of the estate in:
(a) Savings accounts in a bank, credit union or savings and loan association in this state, to the extent that the deposit is insured by the Federal Deposit Insurance Corporation, the National Credit Union Share Insurance Fund or a private insurer approved pursuant to NRS 678.755;
(b) Interest-bearing obligations of, or fully guaranteed by, the United States;
(c) Interest-bearing obligations of the United States Postal Service or the Federal National Mortgage Association;
(d) Interest-bearing obligations of this state or of a county, city or school district of this state;
(e) Money-market mutual funds that are invested only in obligations listed in paragraphs (a) to (d), inclusive; or
(f) Any other investment authorized by the will of the decedent.
(Added to NRS by 1975, 1766; A 1999, 1458, 2295; 2001, 91)
NRS 143.180 Power to make loans, advances of credit and other investments insured by Federal Housing Administrator; validation of loans, advances of credit and purchases of obligations made before October 1, 1999.
(a) Make such loans and advances of credit, and purchases of obligations representing the loans and advances of credit, as are eligible for insurance by the Federal Housing Administrator, and obtain such insurance.
(b) Make such loans secured by mortgage on real property as are eligible for insurance by the Federal Housing Administrator, and obtain such insurance.
(c) Purchase, invest in, and dispose of notes or bonds secured by mortgage insured by the Federal Housing Administrator, securities of national mortgage associations, and debentures issued by the Federal Housing Administrator.
2. No law of this state prescribing the nature, amount or form of security or requiring security upon which loans or advances of credit may be made, or prescribing or limiting interest rates upon loans or advances of credit, or prescribing or limiting the period for which loans or advances of credit may be made, applies to loans, advances of credit or purchases made pursuant to subsection 1.
3. All above-described loans, advances of credit, and purchases of obligations made and insured pursuant to the terms of the National Housing Act before October 1, 1999, are hereby validated and confirmed.
[Part 1:58:1935; A 1937, 147; 1939, 43; 1931 NCL § 3652.01] + [Part 2:58:1935; 1931 NCL § 3652.02] + [3:58:1935; 1931 NCL § 3652.03]—(NRS A 1999, 2296)
NRS 143.185 Power to invest in farm loan bonds and other obligations issued by federal land banks and banks for cooperatives. A personal representative may purchase, invest in, and dispose of:
(Added to NRS by 1959, 33; A 1973, 1088; 1991, 461; 1999, 2297)
NRS 143.187 Power to hold stock in name of nominee; personal liability of personal representative.
(a) The records of the personal representative and all reports and accountings the personal representative renders clearly show the holding and the facts regarding it; and
(b) The nominee deposits with the personal representative a signed statement of the true interest of the personal representative.
2. A personal representative is personally liable for any loss to the estate resulting from any act of the nominee in connection with stock so held.
(Added to NRS by 1961, 471; A 1999, 2297)
NRS 143.190 Cumulative method of service of process on personal representative; written statement containing permanent address of personal representative to be filed with clerk.
[324:107:1941; 1931 NCL § 9882.324]—(NRS A 1969, 95; 1983, 262; 1999, 2297)
NRS 143.200 Actions not to abate on death, disqualification, resignation or removal of personal representative; substitution of successor. No action to which a personal representative is a party abates by reason of the death, disqualification, resignation or removal of the personal representative, but the person who is appointed, qualifies and is acting as the successor must, upon motion, be substituted as a party to the action.
[325:107:1941; 1931 NCL § 9882.325]—(NRS A 1999, 2298)
NRS 143.210 Necessary parties to actions. In actions brought by or against personal representatives, it is not necessary to join those as parties who have not qualified.
[197:107:1941; 1931 NCL § 9882.197]—(NRS A 1999, 2298)