Nevada Revised Statutes 159.093 – Collecting obligations due protected person
Current as of: 2022 | Check for updates
|
Other versions
1. A guardian of the estate:
Terms Used In Nevada Revised Statutes 159.093
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
(a) Shall demand all debts and other choses in action due to the protected person; and
(b) With prior approval of the court, may sue for and receive all debts and other choses in action due to the protected person.
2. A guardian of the estate, with prior approval of the court by order, may compound or compromise any debt or other chose in action due to the protected person and give a release and discharge to the debtor or other obligor.