Nevada Code § 150.070

Liability of personal representative; accounting required for property sold over inventoried value
Open in Lexace · Ask the AI about this section
1. A personal representative is
accountable for the whole estate that comes into the possession of the personal
representative at the value of the appraisement contained in the inventory,
except as otherwise provided in this title, and for all the interest, profit
and income of the estate.
2. A personal representative is not
accountable for any debts due the decedent that remain uncollected without his
or her fault.
3. A personal representative shall not
make profit by the increase nor suffer loss by the decrease or destruction of
any part of the estate without his or her fault. The personal representative
shall account for the excess when any part of the estate is sold for more than
the inventoried value and, if any assets are sold for less than that value, the
personal representative is not responsible for the loss if the sale has been
made according to law.

‹ Prev All Nevada sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.