253.040 - Authority to administer estates; application for letters of administration; bond. - Nevada Statutes

253.040  Authority to administer estates; application for letters of administration; bond.

      1.  Public administrators may administer on the estates of any deceased persons in any cases where by law they are entitled to administer by virtue of their office. Except as otherwise provided in NRS 253.0403 and 253.0425, public administrators are required to make formal application for letters of administration.

      2.  In counties whose population is 100,000 or more, the public administrator shall execute a bond to the State of Nevada in the amount of $100,000, conditioned that the public administrator will faithfully execute the duties of the trust according to law.

      3.  In counties whose population is less than 100,000, the official bond given pursuant to NRS 253.020 may secure the faithful execution of the public administrator’s duties for all estates for which he or she has been issued letters of administration, and all estates administered pursuant to NRS 253.0403, if the aggregate value of all the estates does not exceed the amount of his or her bond.

      [13:88:1883; A 1921, 9; NCL § 2103]—(NRS A 1971, 829; 1983, 678; 1989, 1039; 1991, 196; 1999, 916)