In this chapter, unless the context otherwise requires:
1. "Adult" means a person who has attained the age of 18 years.
2. "Benefit plan" means an employer’s plan for the benefit of an employee or partner.
3. "Broker" means a person lawfully engaged in the business of effecting transactions in securities or commodities for his or her own account or for the account of others.
4. "Conservator" means a person appointed or qualified by a court to act as general, limited or temporary guardian of a minor’s property or any other person legally authorized to perform substantially the same functions.
5. "Court" means the district court.
6. "Custodial property" means:
(a) Any interest in property transferred to a custodian in a manner prescribed in this chapter; and
(b) The income from and the proceeds of that interest in property.
7. "Custodian" means a person so designated in a manner prescribed in this chapter. The term includes a successor or substitute custodian.
8. "Financial institution" means a bank, trust company, savings institution or credit union chartered and supervised under federal law or the laws of a state.
9. "Legal representative" means a personal representative or conservator.
10. "Member of a minor’s family" means a minor’s parent, stepparent, spouse, grandparent, brother, sister, uncle or aunt, whether of the whole blood or the half blood, or by or through legal adoption.
11. "Minor" means a person who has not attained the age of 18 years.
12. "Person" means any natural person, corporation, organization or other legal entity.
13. "Personal representative" means an executor, administrator, successor personal representative or special administrator of a decedent’s estate or any other person legally authorized to perform substantially the same functions.
14. "State" means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico or any territory or possession subject to the legislative authority of the United States.
15. "Transfer" means a transaction which creates custodial property in a manner prescribed in this chapter.
16. "Transferor" means a person who makes a transfer in a manner prescribed in this chapter.
17. "Trust company" means a financial institution, corporation or other legal entity authorized to exercise general trust powers.
(Added to NRS by 1957, 21; A 1965, 1013; 1967, 371; 1977, 1024; 1983, 9; 1985, 69)
Structure Nevada Revised Statutes
Chapter 167 - Transfers to Minors (Uniform Act)
NRS 167.021 - Applicability; custodian subject to personal jurisdiction.
NRS 167.023 - Transfer by gift or exercise of power of appointment.
NRS 167.025 - Transfer authorized in will or trust.
NRS 167.027 - Transfer not authorized in will or trust; transfer by conservator.
NRS 167.029 - Transfer by debtor or person holding property of minor.
NRS 167.030 - Creation of custodial property; manner of making transfer.
NRS 167.033 - Nomination of custodian to serve upon future event.
NRS 167.034 - Delay of time for certain transfers; requirements.
NRS 167.035 - Validity of transfer.
NRS 167.040 - Effect of transfer.
NRS 167.043 - Acknowledgment of delivery of custodial property.
NRS 167.045 - Rights of custodian.
NRS 167.050 - Duties and powers of custodian.
NRS 167.055 - Delivery, payment or expenditure of custodial property for benefit of minor.
NRS 167.060 - Expenses, compensation and bond of custodian.
NRS 167.070 - Exemption of third persons from liability.
NRS 167.085 - Claims against custodial property; liability of custodian and minor.