Nevada § 677.612 Authority to accept deposit by fiduciary in trust; payment to fiduciary of withdrawal value and interest

Nevada Statutes

§ 677.612 — Authority to accept deposit by fiduciary in trust; payment to fiduciary of withdrawal value and interest

Nevada § 677.612

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 677Thrift

GENERAL REGULATIONS

This text of Nevada § 677.612 (Authority to accept deposit by fiduciary in trust; payment to fiduciary of withdrawal value and interest) 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. § 677.612 (2026).

Text

1.A deposit may be made with a licensee by any administrator, executor or guardian of an estate, a trustee or other fiduciary in trust for a named beneficiary or beneficiaries.

2.The fiduciary may make additional deposits and withdraw the deposit, in whole or in part.

3.The withdrawal value of the deposit and the interest thereon, or other rights relating to the deposit, may be paid or delivered to the fiduciary, and the payment or delivery to the fiduciary or a receipt or acquittance signed by the fiduciary to whom any payment or delivery of rights is made, is a valid and sufficient release and discharge of the licensee for the payment or delivery so made.

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1. A deposit may be made with a licensee by any administrator, executor or guardian of an estate, a trustee or other fiduciary in trust for a named beneficiary or beneficiaries.
2. The fiduciary may make additional deposits and withdraw the deposit, in whole or in part.
3. The withdrawal value of the deposit and the interest thereon, or other rights relating to the deposit, may be paid or delivered to the fiduciary, and the payment or delivery to the fiduciary or a receipt or acquittance signed by the fiduciary to whom any payment or delivery of rights is made, is a valid and sufficient release and discharge of the licensee for the payment or delivery so made.