Nevada § 111.793 Proportional ownership; exception to proportional ownership; rights of beneficiary; rights of agent

Nevada Statutes

§ 111.793 — Proportional ownership; exception to proportional ownership; rights of beneficiary; rights of agent

Nevada § 111.793

Title 10PROPERTY RIGHTS AND TRANSACTIONS

Ch. 111Estates

Accounts in Financial Institutions

This text of Nevada § 111.793 (Proportional ownership; exception to proportional ownership; rights of beneficiary; rights of agent) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 111.793 (2026).

Text

1.During the lifetime of all parties, an account belongs to the parties in proportion to the net contribution of each to the sums on deposit, unless there is clear and convincing evidence of a different intent. As between parties married to each other, in the absence of proof otherwise, the net contribution of each is presumed to be an equal amount.

2.A beneficiary in an account having a POD designation has no right to sums on deposit during the lifetime of any party.

3.An agent in an account with an agency designation has no beneficial right to sums on deposit.

4.As used in this section, “net contribution” of a party means the sum of all deposits to an account made by or for the party, less all payments from the account made to or for the party which have not been paid to or applied t

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1. During the lifetime of all parties, an account belongs to the parties in proportion to the net contribution of each to the sums on deposit, unless there is clear and convincing evidence of a different intent. As between parties married to each other, in the absence of proof otherwise, the net contribution of each is presumed to be an equal amount.
2. A beneficiary in an account having a POD designation has no right to sums on deposit during the lifetime of any party.
3. An agent in an account with an agency designation has no beneficial right to sums on deposit.
4. As used in this section, “net contribution” of a party means the sum of all deposits to an account made by or for the party, less all payments from the account made to or for the party which have not been paid to or applied to the use of another party and a proportionate share of any charges deducted from the account, plus a proportionate share of any interest or dividends earned, whether or not included in the current balance. The term includes any deposit life insurance proceeds added to the account by reason of the death of the party whose net contribution is in question.