Nevada § 159.121 Borrowing money for protected person

Nevada Statutes

§ 159.121 — Borrowing money for protected person

Nevada § 159.121

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 159Guardianship

MANAGEMENT OF ESTATE

This text of Nevada § 159.121 (Borrowing money for 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. § 159.121 (2026).

Text

1. A guardian of the estate, with prior approval of the court by order, may borrow money for the account of the protected person when necessary:

(a)To continue any business of the protected person.

(b)To pay claims against the protected person, the guardianship estate or the guardian of the estate as such.

(c)To provide for the proper care, maintenance, education and support of the protected person and any person to whom the protected person owes a legal duty of support.

(d)For any other purpose that is in the best interests of the protected person. 2. If the court determines that the borrowing is necessary or proper, the court shall make an order approving the borrowing and may authorize one or more separate loans. The order shall prescribe the maximum amount of each loan, the maximum

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1. A guardian of the estate, with prior approval of the court by order, may borrow money for the account of the protected person when necessary:
(a) To continue any business of the protected person.
(b) To pay claims against the protected person, the guardianship estate or the guardian of the estate as such.
(c) To provide for the proper care, maintenance, education and support of the protected person and any person to whom the protected person owes a legal duty of support.
(d) For any other purpose that is in the best interests of the protected person.
2. If the court determines that the borrowing is necessary or proper, the court shall make an order approving the borrowing and may authorize one or more separate loans. The order shall prescribe the maximum amount of each loan, the maximum rate of interest and the date of final maturity of each loan, and may authorize the guardian to secure any loan by mortgage, deed of trust, pledge or other security transaction authorized by the laws of this state. The order shall describe the property, if any, to be given as security for each loan.