Nevada Revised Statutes 609.530 – Appointment of special guardian if court grants petition; special guardian to hold certain net earnings of minor; expiration of special guardian’s role
1. If the court issues an order granting a petition, the court shall immediately issue an order appointing a special guardian to receive and hold the specified amount or percentage of the net earnings of the minor to be set aside for the benefit of the minor pursuant to NRS 609.540.
Terms Used In Nevada Revised Statutes 609.530
- Contract: A legal written agreement that becomes binding when signed.
- 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
2. The petitioner or a parent, custodian or guardian of the minor is not ineligible to be appointed as a special guardian pursuant to this section solely because of the interest of the petitioner, parent, custodian or guardian, as applicable, so long as that interest is fully disclosed to the court. A disclosure pursuant to this subsection must include, without limitation, whether the person has an interest:
(a) In any part of the earnings of the minor pursuant to the contract;
(b) As a party to the contract; or
(c) As an interested party to the contract or to the performance of the minor pursuant to the contract.
3. The appointment of a special guardian pursuant to this section expires on the earliest of the following dates:
(a) The date on which the contract is terminated.
(b) The date on which the minor is emancipated.
(c) The date on which the minor reaches the age of majority.