Nevada Revised Statutes 672.630 – Payment of trust accounts
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1. Any account payable to a trustee for another person may be paid to the trustee on demand.
Terms Used In Nevada Revised Statutes 672.630
- 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
- Trustee: A person or institution holding and administering property in trust.
2. The protection provided a credit union in subsection 1 has no bearing on the rights of parties in disputes between themselves or their successors concerning the beneficial ownership of funds in, or withdrawn from, multiple-party accounts.