1. Except as otherwise provided in NRS 111.783 to 111.815, inclusive, or in an applicable contract, on the death of a party, sums on deposit in a multiple-party account belong to the surviving party or parties. If two or more parties survive and one is the surviving spouse of the decedent, the amount to which the decedent, immediately before death, was beneficially entitled under NRS 111.793 belongs to the surviving spouse. If two or more parties survive and none is the surviving spouse of the decedent, the amount to which the decedent, immediately before death, was beneficially entitled under NRS 111.793 belongs to the surviving parties in equal shares and augments the proportion to which each survivor, immediately before the decedent’s death, was beneficially entitled under NRS 111.793, and the right of survivorship continues between the surviving parties.
2. In an account with a POD designation:
(a) On the death of one of two or more parties, the rights in sums on deposit are governed by subsection 1.
(b) On the death of the sole party or the last survivor of two or more parties, sums on deposit belong to the surviving beneficiary or beneficiaries. If two or more beneficiaries survive, sums on deposit belong to them in equal and undivided shares and there is no right of survivorship in the event of the death of a beneficiary thereafter. If no beneficiary survives, sums on deposit belong to the estate of the last surviving party.
3. Sums on deposit in a single-party account without a POD designation, or in a multiple-party account that, by the terms of the account, is without right of survivorship, are not affected by the death of a party, but the amount to which the decedent, immediately before death, was beneficially entitled under NRS 111.793 is transferred as part of the decedent’s estate. A POD designation in a multiple-party account without right of survivorship is ineffective. For the purposes of this section, the designation of an account as a tenancy in common establishes that the account is without right of survivorship.
4. The ownership right of a surviving party or beneficiary, or of the decedent’s estate, in sums on deposit is subject to requests for payment made by a party before the party’s death, whether paid by the financial institution before or after the death, or unpaid. The surviving party or beneficiary, or the decedent’s estate, is liable to the payee of an unpaid request for payment. The liability is limited to a proportionate share of the amount transferred under this section, to the extent necessary to discharge the request for payment.
(Added to NRS by 2011, 1431)
Structure Nevada Revised Statutes
Chapter 111 - Estates in Property; Conveyancing and Recording
NRS 111.015 - Power of court to compel specific performance not abridged.
NRS 111.020 - Instruments may be subscribed by lawful agents.
NRS 111.025 - Conveyances void against purchasers are void against their heirs or assigns.
NRS 111.040 - Validity of conveyances made before December 2, 1861.
NRS 111.055 - Nonresident aliens, persons and corporations may hold real property.
NRS 111.060 - Tenancy in common: Definition.
NRS 111.063 - Tenancy in common: Creation.
NRS 111.064 - Tenancy in common or estate in community property: Creation; right of survivorship.
NRS 111.065 - Joint tenancy in real and personal property: Creation.
NRS 111.070 - Fee simple: Words of inheritance not necessary.
NRS 111.075 - "Heir" or "issue" in remainders.
NRS 111.080 - Contingent future interest: Defeat on birth of posthumous child.
NRS 111.085 - Estates tail: Enjoyment by posthumous child.
NRS 111.090 - Grants of rents, reversions and remainders effective without attornments of tenants.
NRS 111.095 - When attornment of tenant void.
NRS 111.100 - Lineal and collateral warranties abolished.
NRS 111.101 - Abolishment of Rule in Shelley’s Case.
NRS 111.102 - Abolishment of doctrine of destructibility of contingent remainders.
NRS 111.103 - Short title; uniformity of application and construction.
NRS 111.1031 - Statutory rule against perpetuities.
NRS 111.1033 - When nonvested property interest or power of appointment created.
NRS 111.1037 - Exclusions from statutory rule against perpetuities.
NRS 111.1039 - Prospective application.
NRS 111.105 - Conveyances by deed.
NRS 111.115 - Proof of execution of conveyance.
NRS 111.120 - Conditions necessary before proof by subscribing witness can be taken.
NRS 111.125 - Proof required from subscribing witnesses.
NRS 111.130 - Contents of certificate of proof.
NRS 111.135 - When proof by evidence of handwriting may be taken.
NRS 111.140 - Statements of witnesses under oath before certificate granted.
NRS 111.145 - Witnesses to conveyance may be subpoenaed.
NRS 111.150 - Penalty for failure of witness to appear when subpoenaed.
NRS 111.155 - Conveyance acknowledged or proved may be read in evidence.
NRS 111.160 - After-acquired title passes to grantee.
NRS 111.165 - Adverse possession does not prevent sale and conveyance.
NRS 111.170 - Construction of words "grant, bargain and sell" in conveyances; suit upon covenants.
NRS 111.175 - Conveyances made to defraud prior or subsequent purchasers are void.
NRS 111.185 - Power of revocation at will.
NRS 111.190 - Revocation and reconveyance.
NRS 111.195 - Effect of conveyance made before power of revocation can be exercised.
NRS 111.200 - Limitations on terms of leases.
NRS 111.220 - Agreements not in writing: When void.
NRS 111.235 - Grants and assignments of existing trusts to be in writing or are void.
NRS 111.2375 - Form to make declaration of removal of discriminatory restriction.
NRS 111.238 - Prohibition on display of flag of the United States on property.
NRS 111.239 - Prohibition or restriction on use of system for obtaining solar energy on property.
NRS 111.240 - Acknowledgment of conveyances.
NRS 111.265 - Persons authorized to take acknowledgment or proof within State.
NRS 111.310 - Instruments entitled to recordation; patents need not be acknowledged.
NRS 111.312 - Requirements for recording certain documents relating to real property.
NRS 111.315 - Recording of conveyances and instruments: Notice to third persons.
NRS 111.340 - Certificate of acknowledgment and record may be rebutted.
NRS 111.355 - Recordation of only part of instrument under certain conditions.
NRS 111.3667 - "Document" defined.
NRS 111.367 - "Electronic" defined.
NRS 111.3673 - "Electronic document" defined.
NRS 111.3675 - "Electronic signature" defined.
NRS 111.3677 - "Person" defined.
NRS 111.368 - "State" defined.
NRS 111.3685 - Validity of electronic documents.
NRS 111.3687 - Recording of documents.
NRS 111.369 - Administration and standards.
NRS 111.3693 - Uniformity of application and construction.
NRS 111.3697 - Relation to Electronic Signatures in Global and National Commerce Act.
NRS 111.375 - Vesting of easement; effect of transfer of land.
NRS 111.380 - Termination, modification or extinguishment of easement.
NRS 111.390 - General purpose.
NRS 111.420 - Creation; recording; duration; effect on existing interest in real property.
NRS 111.430 - Actions affecting easements for conservation.
NRS 111.659 - "Beneficiary" defined.
NRS 111.661 - "Deed upon death" defined.
NRS 111.663 - "Designated beneficiary" defined.
NRS 111.665 - "Grantor" defined.
NRS 111.667 - "Person" defined.
NRS 111.669 - "Property" defined.
NRS 111.671 - Creation of deed upon death.
NRS 111.673 - Designation of beneficiary.
NRS 111.679 - Capacity to make or revoke.
NRS 111.681 - Execution and recordation.
NRS 111.683 - Effective without notice or consideration.
NRS 111.685 - Effect of deed upon death during owner’s lifetime.
NRS 111.687 - Disclaimer by beneficiary.
NRS 111.691 - Property transferred by deed upon death subject to prior lien.
NRS 111.693 - Limitations concerning Medicaid payments.
NRS 111.695 - Form of deed upon death.
NRS 111.697 - Form of revocation of deed upon death.
NRS 111.699 - Form of Death of Grantor Affidavit; required documents upon death of grantor.
NRS 111.701 - "Account" defined.
NRS 111.703 - "Agent" defined.
NRS 111.705 - "Beneficiary" defined.
NRS 111.707 - "Contract" defined.
NRS 111.709 - "Devisee" defined.
NRS 111.711 - "Financial institution" defined.
NRS 111.713 - "Governing instrument" defined.
NRS 111.715 - "Heirs" defined.
NRS 111.717 - "Held in beneficiary form" defined.
NRS 111.719 - "Multiple-party account" defined.
NRS 111.721 - "Nonprobate transfer" defined.
NRS 111.723 - "Party" defined.
NRS 111.725 - "Payment" defined.
NRS 111.727 - "Personal representative" defined.
NRS 111.729 - "POD designation" defined.
NRS 111.731 - "Receive" defined.
NRS 111.733 - "Register in beneficiary form" defined.
NRS 111.735 - "Request" defined.
NRS 111.737 - "State" defined.
NRS 111.739 - "Sums on deposit" defined.
NRS 111.741 - "Terms of the account" defined.
NRS 111.743 - "Transferring entity" defined.
NRS 111.745 - "Trust" defined.
NRS 111.747 - "Trustee" defined.
NRS 111.751 - Provision for nonprobate transfer in contract.
NRS 111.753 - Authority of agent to make nonprobate transfer of property after death of owner.
NRS 111.759 - Proper execution and delivery required for transfer of property upon death of owner.
NRS 111.773 - Disqualification of beneficiary.
NRS 111.775 - Authority of agent, guardian or other fiduciary to change beneficiary designation.
NRS 111.787 - Type and form of account; governing law for other types of accounts.
NRS 111.789 - Designation of agent; authority of agent; designation revocable.
NRS 111.791 - Beneficial ownership: Applicability.
NRS 111.797 - Alteration of type of account; right of survivorship not altered by will.
NRS 111.801 - Character of and rights in community property not altered; exception.
NRS 111.805 - Payment of sums on deposit: Multiple-party accounts.
NRS 111.807 - Payments of sums on deposit: Accounts with POD designation.
NRS 111.809 - Payment of sums on deposit: Payments to agents.
NRS 111.811 - Payments made to minors designated as beneficiaries.
NRS 111.815 - Rights of beneficiary; limitations; liability of beneficiaries.
NRS 111.830 - "Buyer" defined.
NRS 111.835 - "Payee" defined.
NRS 111.840 - "Private transfer fee" defined.
NRS 111.845 - "Private transfer fee obligation" defined.
NRS 111.850 - "Seller" defined.
NRS 111.855 - "Transfer" defined.
NRS 111.860 - Legislative findings and declaration.
NRS 111.865 - Private transfer fee obligations prohibited.
NRS 111.870 - Creation before May 20, 2011; recordation; amendment; failure to record.
NRS 111.875 - Enforcement of private transfer fee obligations created before May 20, 2011.