111.620 - Transfer on death of registered security is contractual and not testamentary; rights of creditors. - Nevada Statutes

111.620  Transfer on death of registered security is contractual and not testamentary; rights of creditors.

      1.  A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and NRS 111.480 to 111.650, inclusive, and is not testamentary.

      2.  NRS 111.480 to 111.650, inclusive, do not limit the rights of creditors of owners of securities against beneficiaries and other transferees under other laws of this state.

      (Added to NRS by 1997, 225)