1. If by law, or by the terms of an instrument creating a life estate or an estate for years, the tenant is required to account for use of the property of the estate, then the provisions of this chapter concerning accounting by a trustee apply to the life tenant and tenant for years and, after death, to the personal representative.
2. If no obligation to account during his or her tenancy is imposed upon the tenant, nevertheless such of the provisions of this chapter as apply to accounting by a trustee apply to the personal representatives of the tenant, to the extent of determining the residue of the estate.
[Part 245:107:1941; 1931 NCL § 9882.245]—(NRS A 1959, 513; 1999, 2352)
Structure Nevada Revised Statutes
Chapter 153 - Administration of Trusts; Estates for Life and Years
NRS 153.010 - Applicability of chapter.
NRS 153.020 - Retention of jurisdiction by court after final distribution.
NRS 153.041 - Accounting by trustee.
NRS 153.050 - Accountings by life tenants and tenants for years.
NRS 153.070 - Expenses and compensation of trustees.
NRS 153.080 - Conclusiveness of order.
NRS 153.090 - Declination or resignation of person named or designated trustee: Procedure.
NRS 153.100 - Appointment to fill vacancy.