§ 427A.882 Definitions
§ 427A.884 ‘Nevada ABLE Savings Program’ defined
§ 427A.885 ‘Qualified ABLE program’ defined
§ 427A.886 ‘Trust Fund’ defined
§ 427A.889 Establishment; regulations; gifts, grants or other sources of money
§ 427A.890 State Treasurer authorized to delegate powers and duties; contracts with other states
§ 427A.891 No full faith and credit for savings trust accounts and savings trust agreements
§ 427A.892 Nevada ABLE Savings Program Trust Fund: Creation; property and income of Trust Fund; sources of money in Trust Fund; ownership and use of money in Trust Fund
§ 427A.893 Administration of Trust Fund and other certain accounts; certain administrative or investment agreements authorized; establishment and authorized uses of accounts
§ 427A.894 Money provided for direct expenses or marketing not part of Trust Fund
§ 427A.895 Endorsement of insurance coverage to protect Trust Fund; insurance laws inapplicable to endorsement
§ 427A.896 Investment plan for and investment of money in Trust Fund; investment managers for Program; duties and powers of State Treasurer concerning Program

Terms Used In Nevada Revised Statutes > Chapter 427A > Nevada Able Savings Program

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Bequest: Property gifted by will.
  • Contract: A legal written agreement that becomes binding when signed.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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
  • Statute: A law passed by a legislature.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC