148.180 - Sale of securities: Authorized by will or consent of devisees or heirs; authorized by court. - Nevada Statutes

148.180  Sale of securities: Authorized by will or consent of devisees or heirs; authorized by court.

      1.  If the sale of securities is authorized by will or by consent of the devisees or heirs to whom the securities are to be distributed, the securities may be sold without notice, and title passes without confirmation, if the securities are sold upon an established securities exchange.

      2.  All other securities may be sold upon obtaining an order of the court. Upon the filing of a petition requesting such an order, the clerk shall set the matter for hearing and the petitioner shall give notice for the period and in the manner required by NRS 155.010, but the court may shorten the period or dispense with notice.

      [152:107:1941; 1931 NCL § 9882.152]—(NRS A 1999, 2318)