678.600 - Multiple-party accounts: Survivorship. - Nevada Statutes

678.600  Multiple-party accounts: Survivorship.

      1.  A multiple-party account payable to two or more persons, jointly or severally, which does not expressly provide that there is not a right of survivorship, though there is no mention of survivorship or joint tenancy, is a survivorship account. The right of survivorship continues between survivors.

      2.  Where there are two or more survivors, their respective ownerships shall be in proportion to their previous net contributions augmented by an equal share for each survivor of any interest the decedent may have owned in the account immediately before his or her death, plus the proceeds of insurance on decedent’s life paid to the account.

      (Added to NRS by 1975, 384; A 1977, 806)