Nevada Revised Statutes 167.045 – Rights of custodian
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1. A custodian, acting in a custodial capacity, has all the rights, powers and authority over custodial property that an unmarried adult has over his or her own property, but a custodian may exercise those rights, powers and authority in that capacity only.
Terms Used In Nevada Revised Statutes 167.045
- Adult: means a person who has attained the age of 18 years. See Nevada Revised Statutes 167.020
- Custodial property: means :
(a) Any interest in property transferred to a custodian in a manner prescribed in this chapter; and
(b) The income from and the proceeds of that interest in property. See Nevada Revised Statutes 167.020
- Custodian: means a person so designated in a manner prescribed in this chapter. See Nevada Revised Statutes 167.020
2. This section does not relieve a custodian from liability for breach of any of the provisions of NRS 167.050.