Nevada § 159.119 Continuing business of protected person

Nevada Statutes

§ 159.119 — Continuing business of protected person

Nevada § 159.119

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 159Guardianship

MANAGEMENT OF ESTATE

This text of Nevada § 159.119 (Continuing business of protected person) 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. § 159.119 (2026).

Text

A guardian of the estate, with prior approval of the court by order, may continue any business of the protected person. The order may provide for any one or more of the following:

1.The conduct or reorganization of the business solely by the guardian, jointly by the guardian with one or more of the partners, shareholders, members, or joint venturers of the protected person or as a corporation or limited-liability company of which the protected person is or becomes a shareholder or member.

2.The extent to which the guardian may incur liability of the estate of the protected person for obligations arising from the continuation of the business.

3.Whether liabilities incurred in the conduct of the business are to be chargeable solely to the part of the estate of the protected person allocat

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A guardian of the estate, with prior approval of the court by order, may continue any business of the protected person. The order may provide for any one or more of the following:
1. The conduct or reorganization of the business solely by the guardian, jointly by the guardian with one or more of the partners, shareholders, members, or joint venturers of the protected person or as a corporation or limited-liability company of which the protected person is or becomes a shareholder or member.
2. The extent to which the guardian may incur liability of the estate of the protected person for obligations arising from the continuation of the business.
3. Whether liabilities incurred in the conduct of the business are to be chargeable solely to the part of the estate of the protected person allocated for use in the business or to the estate as a whole.
4. The period of time during which the business may be conducted.
5. Any other conditions, restrictions, regulations and requirements as the court considers proper.