143.187 - Power to hold stock in name of nominee; personal liability of personal representative. - Nevada Statutes

143.187  Power to hold stock in name of nominee; personal liability of personal representative.

      1.  A personal representative holding certificates of stock in that capacity may hold the stock in the name of a nominee without mention in the stock certificate or registration books, if:

      (a) The records of the personal representative and all reports and accountings the personal representative renders clearly show the holding and the facts regarding it; and

      (b) The nominee deposits with the personal representative a signed statement of the true interest of the personal representative.

      2.  A personal representative is personally liable for any loss to the estate resulting from any act of the nominee in connection with stock so held.

      (Added to NRS by 1961, 471; A 1999, 2297)