159.166 - Bond and actions required upon court order to enter into agreement. - Nevada Statutes

159.166  Bond and actions required upon court order to enter into agreement.

      1.  If the court orders the guardian to enter into the agreement pursuant to NRS 159.1657, the court shall order the guardian to provide an additional bond and specify the amount of the bond in the court order.

      2.  The guardian is not entitled to receive any of the proceeds from the agreement until the guardian provides the bond and the court approves the bond.

      3.  When the court order is entered, the guardian shall execute, acknowledge and deliver an agreement which:

      (a) Contains the conditions specified in the court order;

      (b) States that the agreement or option is approved by court order; and

      (c) Provides the date of the court order.

      (Added to NRS by 2003, 1765)