Nevada Revised Statutes 143.187 – Power to hold stock in name of nominee; personal liability of personal representative
Current as of: 2023 | Check for updates
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1. A personal representative holding certificates of stock in that capacity may hold the stock in the name of a nominee without mention in the stock certificate or registration books, if:
(a) The records of the personal representative and all reports and accountings the personal representative renders clearly show the holding and the facts regarding it; and
(b) The nominee deposits with the personal representative a signed statement of the true interest of the personal representative.
2. A personal representative is personally liable for any loss to the estate resulting from any act of the nominee in connection with stock so held.